A used-car dealer was arrested this week for allegedly trading repairs on a Dodge Magnum for a sexual act. He was already facing charges stemming for two other incidents, including kidnapping and sexual battery.
The used-car dealer is accused of selling vehicles with mechanical defects, charging illegal fees and repossessing vehicles without the required legal notices. Twenty-two formal complaints were made against the dealer by the time the suit was filed.
An Alabama used-car dealer who failed to decrease an active-duty service member’s loan interest rate before repossessing his car pleaded guilty to violating the Servicemembers Relief Act.
A former used-car dealer based in Oklahoma City will serve 16 months in prison and pay $276,000 in restitution. The man was charged with taking out duplicate loans on multiple vehicles.
Two brothers, operators of three used-car lots in Modesto, Calif., were found guilty of conspiracy to commit fraud. The men allegedly prepared misleading and false financial statements in order to obtain financing for ineligible customers.
Failure to disclose consumer protection related to loan defaults and repossessions gets used-car dealer in trouble with Iowa Attorney General’s Office.
In a reversal, compact and mid-size car prices are depreciating more than light trucks during the recent spike in gas prices.
A former used-car dealer was convicted to four years and eight months in state prison in connection with a scheme to evade paying sales taxes.
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