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What is the dealership legally obligated to tell customers about these loans?
Auto dealers that extend credit, arrange financing or leasing, or give financial advice must notify customers about the information they collect, who they share it with, and how they protect it.
Do dealerships sell your information?
They are selling your information in order to make a financial gain off of it. Your information is valuable to them because they can offer it to other companies that want access to people who are in the market for a car and may be potential customers for their services or products.
Can you sell a lemon car?
In California, used car dealerships are allowed to sell cars that have been labeled as “lemons,” as long as they disclose the vehicle’s history to the consumer. A manufacturer must register a Lemon Law Buyback in their name and repair the defect in order to resell the vehicle to another consumer.
What happens if a car dealer makes a mistake?
If the dealer had a part in the “mistake” and now you have to pay additional fees or finance charges, you may have claims for negligent misrepresentation or fraud.
Can I Sell my Car to an out of state dealer?
No dealer is required to sell a car to anyone. Most dealers don’t have an issue selling to out of state buyers and do it all the time. But if a dealer is not near a state border and doesn’t sell on the internet, they may not have any experience and may not want to learn the few things they need to know to sell to out of state buyers.
Can a car lot refuse to let you cancel a sale?
Generally, no. But it generally is against the law for the car lot to refuse to let you cancel the sale when you find out.
What should I do if I’m a dealer who won’t comply?
Similarly, do not use violence or empty threats in order to cow a dealer into compliance. This will accomplish nothing (other than making you feel momentarily better, perhaps), but could lead to very serious consequences like visits from the police or lawsuits. If you have been the victim of this situation, you may wish to contact an attorney.