Victim Of Auto Fraud?
Unfair trade practice laws can help in ensuring that consumers are protected from being victimized by automobile dealer fraud, used vehicles with lemon or salvage titles, and odometer rollback. With odometer rollback, the mileage might be altered on the odometer to make it seem as though the vehicle has less wear and tear on it than it does, which is fraudulent. People should be able to know exactly what they are paying for and how much “wear and tear” is on a vehicle.
Automobile dealers and financing companies might also fraudulently misrepresent the Annual Percentage Rate of the vehicle at the time of sale, so that the consumer ends up paying more than they should, in violation of the federal Truth In Lending Act, 15 U.S.C. § 1601, et seq. (“TILA”), which can entitle you to statutory damages, and your attorney’s fees and costs to be paid. In some states, it can also entitle you to not have to pay any interest on the vehicle.