Legal Question in Business Law in California
Fraud and misrepresentation in financing a motor vehicle
A senior citizen on a fixed income went to buy a motor vehicle and dealer talked her into buying 2 vehicles in order to buy both vehicles dealership deceived financing institutions is there any recourse that can be taken because senior citizen could not afford both vehicles, and financing institutions are not aware that both vehicles were financed at the same time based on the same income, and now senior is losing both cars. If they institution were aware of this thye would've only financed one vehicle.
2 Answers from Attorneys
Re: Fraud and misrepresentation in financing a motor vehicle
You can try to have the transaction set aside for fraud, misrepresentation, etc. This is called recission. The lenders will probably repo the cars and ruin his credit. You should consult with a local attorney to assist you. Good luck and thanks for inquiring.
Re: Fraud and misrepresentation in financing a motor vehicle
Most California counties have a Council on Aging that acts as a clearinghouse for information on assistance to senior citizens, including referrals relating to financial scams and fraud. Try www.councilonaging.com.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
