Car Dealer Forgery - $50,000 Settlement Case Explained

Editor

somd.com Editor
Staff member
PREMO Member
Patron


This is the last one I'll post, but, there is a very important lesson in this one. If you go through the dealer for the financing, wait a few weeks and then call the bank and request copies of the loan documents the dealer sent to the bank. Compare this with the copy you received when you left the dealer and see if any of the amounts have been altered and your signature was forged.

Unscrupulous finance managers will forge documents after you signed the contract to benefit themselves and/or the dealership. This could range from lowering the interest rate and charging you more for the car so the dealer pockets more money, or lowering the rate and signing you up for a highly marked up service contract which puts more $$$ in their pockets. They may even change the service plan you voluntarily purchased to a lesser plan or cancel your gap insurance to put more money in their pocket.

If this happens to you, it is outright fraud. Contact a lawyer. Consumer protection laws in Maryland require the dealer to pay your legal fees if you win. I believe you have 3 years to sue, so pull out your old contract now and go over it. They'll stop doing it if enough people wake up and sue their pants off.
 
Last edited:

Editor

somd.com Editor
Staff member
PREMO Member
Patron
If you are looking to buy a new or used car/truck, there are 2 very good Channels on YouTube where they teach you what to look out for and how to get the best deal.

Of course, with the current supply chain crisis in the world brought about by the various government's handling of the COVID-19 situation, prices are up and chances for a bargain price aren't as good as they were 2 years ago.

Kevin Hunter The Homework Guy

Kevin is suffering from some medical issues, so new videos are on pause, but, there are a ton of good ones in the archive.

Your Advocate Alliance (YAA)

It's a father/son team with some good humor built in. "Pops" held various management roles at dealerships across the USA, so some good inside info.
 
Top