The auto industry predicts that new car sales may be down by as much 35% during these tough times, though that still means approximately 10 million new automobiles will be sold in the United States in 2010. Used auto sales are a major source of consumer fraud and even in this shrinking economy are expected to increase in 2010. Deceptive auto sales practices will defraud millions of new and used auto purchasers.
Methods of auto fraud range from concealing significant prior damage to the vehicle, concealing negative trade-in equity, and other financing-related misconduct. At the Shanfield Law Firm we are dedicated to assisting victims of fraud and stopping predatory business practices, including auto fraud. Centrally located in Chicago, Illinois, the Shanfield Law Firm can assist consumers in the Chicagoland area who have been financially injured because of any of the following forms of auto fraud:
Bogus "Certified" used cars and other wrecks: auto manufacturers whore their names so car dealers can sometimes defraud consumers into purchasing sell rebuilt wrecks that were misrepresented to meet factory specs!
Concealing negative equity or trade in value: Leave it to a car dealer to figure out how to make an auto transaction needlessly complex. Negative equity occurs when your trade-in is worth less than the amount you owe. Dealers often add this amount to the purchase price of your new car, which causes you to pay taxes and interest on these amounts! Dealers may also often lie about the value of your trade-in.
Auto financing fraud: show us 10 dealer-financed auto sales and we'll show you at least 5 unhappy customers.
For a free confidential consultation please call (312) 638-0819.
Fax collection letters, loan documents, or other documentary evidence of illegal business activity to us at (312) 638-9136 or email to email@example.com.
The Shanfield Law Firm represents people in individual and class actions in several types of cases. You understand that sending a fax or email the Shanfield Law Firm, Ltd. does not contractually obligate our firm to represent you. We can only serve as your attorney if both you and our firm agree, in writing, that we will do so.