
Credit Report Shenanigans
Even shoppers armed with online auto quotes aren’t immune to loan scams.
Lies About Online Car Loans
Avoid Car Dealer Lending Scams with Online Auto Loan Quotes
Accident, flood or fire damaged cars salvaged: This fraud involves selling a “salvaged” car or truck without disclosing its status to a buyer. ; Damaged new vehicle: A new vehicle may have suffered body damage at the factory, while being conveyed to the dealer, or while at the dealership.; If the damage exceeds certain percentage of the maximum retail price of the vehicle it is fraudulent not to have this fact disclosed to the Texas car consumer when:Texas has a specific disclosure requirements in its consumer protection statutesTexas does not have specific disclosure requirements Selling a Texas lemon law buyback: When a manufacturer’s Texas lemon buy back is sold to an unsuspecting Texas car consumer without revealing its lemon buy back history,; is a seriously fraudulent practice. The Texas used car dealer may deny the knowledge of its lemon past despite its being always available on its “warranty history report”. Misrepresenting a Texas rental car status: A used Texas rental car status is not disclosed but is misrepresented as an “executive driven” car. Title Washing: Title washing of illegal cars involves eliminating a vehicle’s negative history by a fraudulent car dealer, so that the vehicle is passed to a Texas car consumer. According to the Texas lemon law negative equity on a trade-in is fraudulent.