Legal Question in Business Law in Texas
Used car pricing and Fraud
A used car was purchased three months ago. The book value of the car at this time is $5,200 less than the purchase price. Is there any legal recourse against the dealership for the discrepancy?
Asked on 8/12/00, 8:46 pm
1 Answer from Attorneys
Charles Aspinwall
Charles S. Aspinwall, J.D., LLC
Re: Used car pricing and Fraud
This is a tricky area. The law doesn't protect an uninformed buyer from himself, in most cases.
If you can prove fraud by the dealership you may have a case. If you just paid too much because you didn't know values, you may be stuck.
The burden is on the buyer to do his homework on price.
Answered on 9/18/00, 9:32 am
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