Auto fraud OVERVIEW
Undisclosed Accident or Damage
Around 400,000 vehicle collisions are documented by California DMV in a single year. Many damaged vehicles are later repaired and resold by used car dealers.
The vehicle’s accident history, however, remains on record forever. Databases such as Carfax and Autocheck make it available to dealers and consumers. The value of a previously damaged vehicle is, thus, significantly diminished.
Many consumers buy a car without knowing that it was involved in an accident. Car dealership often commit fraud when they do not disclose the accident history or lie to consumers by making misrepresentations about the history of the vehicle. The consumer thus pays for a ‘clean’ vehicle but receives one with an accident history.
When this happens, a dealer fraud attorney can sue the dealership for lying. You may get either for the full purchase price or the difference in value of the vehicle compared to the one that was not involved in an accident.
Undisclosed Rental or Taxi Use
Just like vehicles with prior accident history, vehicles that were rentals or taxis in their ‘previous life’ have a significantly lower resale value than those that were purchased for personal use.
In an attempt to sell the vehicle at a higher value some used car dealers lie about the vehicle’s prior rental or taxi use from the buyers.
The buyer then pays the market value for the vehicle but receives a vehicle with little to no value. In this case a dealer fraud attorney can sue the dealership and get you either in full purchase price of your car or the difference between the value of your vehicle as compared to one with no prior rental or taxi use.
Undisclosed Stolen Vehicles and Odometer Rollback
Both stolen vehicles and vehicles with odometer rollback have a lower value than their ‘clean’ counterparts. Stolen vehicles usually leave the possession of their owners for a time period enough to swap out parts or make modifications to them. Hence the automatic diminution in value.
Odometer rollback also creates a dark spot in the vehicle’s history where it is impossible or extremely hard to know what is the actual mileage of a vehicle. Accordingly the value of the vehicle is significantly lowered.
If you have purchased a vehicle with an odometer rollback or a prior stolen vehicle you need to contact a dealer fraud attorney to learn about your options.
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