Legal Question in Consumer Law in Pennsylvania
odometer fraud
I purchased a suv from a reputable car lot. It had 26,200 miles. 3 years later was notified by the stae that the mileage was fixed and the approximate mileage was 89,500 at time of purchase. I am now dealing with the car lot but am clueles as to how I should come up with a fair settlement price. The car was bought by the carlot through an auction. All 3 buyers were fooled. Any ideas how i could come up with a fair price would be helpful.
1 Answer from Attorneys
Re: odometer fraud
NADA "Blue Book"
National Auto Dealer Association publishes a used car guide that establishes the fair market and retail value of vehicles. Edmunds.com also has an online service that does this. NADA is the gold standard but I would hazard that since Edmunds is reputable it will also be worthy.
Use the guides to figure the difference in price. (Price you paid - what it was actually worth at the time you bought it - what it is worth now (trade-in) = X) X = the money due to you.
Hope this helps.
Regards,
Roger Traversa
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