Deciphering Car Sale Contracts, Continued. If you haven’t read the first part of this article, you should read it here. Today we look at all that fine print on the back side of your car sale contract, and figure out what it all means. XI. Finance Charge and Payments. […]
Certified Pre-Owned Vehicle Programs Sometimes Cover Past Wrecks. Beware of Trusting the “Certified” Label.
When you’re looking to purchase a car, all you want is a reliable, comfortable car that you can afford. If you either cannot or will not spend the money to buy a brand new vehicle, then a used car is your only choice. Certified Pre-Owned Vehicles can be a decent option, if you’re dealing with a manufacturer who stands behind their certification and do your diligence ahead of time.
But many times, the certified label is nothing more than a fancy sticker used to raise the price of the car. Some manufacturers have even been known to repaint wrecked cars and then push them through their “certified” process. Or more commonly, allow dishonest dealer sales personnel to conduct the “certification” and simply rubber stamp the dealer’s certification.
If you paid certified-car money for a vehicle that was previously wrecked or used as a daily rent-a-car, you should talk to your lawyer about your options for getting your money back.
If you live in Alabama and would like a free consultation regarding your rights with certified pre-owned vehicles, call us at 251.272.9148 today.
I’ve written before about how the federal Truth in Lending Act is basically useless in helping people make wise financial decisions. But don’t take that to mean that I don’t like TILA. I like it just fine. It helps my clients fight back against collection lawsuits and mortgage fraud. It […]