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There are several ways that consumers can reduce the risk of being victimized by consumer fraud.For example, the mileage indicated on the odometer should be confirmed.You can follow any responses to this entry through the RSS 2.0 feed.You can leave a response, or trackback from your own site.
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The court cited the testimony of the plaintiffs’ own expert that the interest which had accrued before the second contract was included in the second contract’s finance charge, and thus the disclosure of the finance charge in the second contract was accurate.
The Supreme Court stated that “it is neither abusive nor deceptive to allow a creditor to charge interest during the period between the first and second contracts.” Otherwise, the Court noted, the buyer would be receiving an interest-free loan for the period between the contracts, resulting in a windfall to the buyer not authorized by any statute or regulation.
The buyer also might verify the mileage by locating an oil change or maintenance sticker present under the hood, in the trunk, in the left front window, or in the left door frame.
The dealer also must provide a written statement confirming the mileage or commit a potential violation under the Truth in Mileage Act.