Military personnel deserve some consideration, if not at least equal treatment with every person else. They certainly do not deserve, as no one does, to be scammed. Regardless of past controversies, numerous less-than-honest car dealerships are still pulling some savage rip-offs on military personnel.
Support should be changed
Military personnel have been running into a significant problem in recent years. Dealerships are starting to offer automobiles with inflated costs or that are in bad conditions to military customers. There was one Marine in Jacksonville, N.C., who was sold a defective car, according to MSNBC. The 2004 Nissan Motors 350-Z had 60,000 miles on it and had the wheel fall off of it while he was driving within a couple of weeks. The dealer exchanged the wheel, but that did not stop it from occurring another week later. He is not the only one who has faced this kind of experience though.
Cameron is suing the car dealership now because he found out the car had been in a serious accident, but the dealer lied to him and said the car had never been in an accident. He bought the car for $17,000 thinking it was defect-free.
Past mistakes
It is not uncommon for dealerships to act this way. In fact, military people have been ripped off by dealerships for a while now.
For instance, Carland, a former dealership in Norfolk, Va., according to MotherJones, lost its license in 2004 for salesmen picking select up service members from Marine bases in North Carolina and Virginia and driving them many hours to the car dealership. Upon arrival, they were told they wouldn't get a ride back, essentially forcing them to purchase a car to be able to report for duty the next day.
According to the New York Times, military members are also often victims of "yo-yo" financing, where dealerships will sell an individual an automobile, agree to financing and then call them, saying the financing fell through. When people return the car, the dealer demands many thousand dollars more as a larger down payment.
Widespread but largely unchecked
There's no telling how widespread the practice is, due to dealerships being much less regulated than other services. However, the financial advising unit of the Pentagon, according to the Los Angeles Times, reported last year that 72 percent of the counseling it delivered was related to problem car loans. Young service members are at the most risk; dealerships often entice service people by portending to offer steep military discounts.
Suspicious car loans and car financing for military members, as well as the civilian population, should be reported to federal authorities straight away.
The Federal Trade Commission and Federal Reserve are the ones that regulate car loans unless the loans are being provided by the dealerships. The loans the dealerships offer are regulated by the Consumer Financial Protection Bureau. Currently, David Petraeus's wife, Petraeus, is the head of military affairs at the Consumer Financial Protection Bureau.
Support should be changed
Military personnel have been running into a significant problem in recent years. Dealerships are starting to offer automobiles with inflated costs or that are in bad conditions to military customers. There was one Marine in Jacksonville, N.C., who was sold a defective car, according to MSNBC. The 2004 Nissan Motors 350-Z had 60,000 miles on it and had the wheel fall off of it while he was driving within a couple of weeks. The dealer exchanged the wheel, but that did not stop it from occurring another week later. He is not the only one who has faced this kind of experience though.
Cameron is suing the car dealership now because he found out the car had been in a serious accident, but the dealer lied to him and said the car had never been in an accident. He bought the car for $17,000 thinking it was defect-free.
Past mistakes
It is not uncommon for dealerships to act this way. In fact, military people have been ripped off by dealerships for a while now.
For instance, Carland, a former dealership in Norfolk, Va., according to MotherJones, lost its license in 2004 for salesmen picking select up service members from Marine bases in North Carolina and Virginia and driving them many hours to the car dealership. Upon arrival, they were told they wouldn't get a ride back, essentially forcing them to purchase a car to be able to report for duty the next day.
According to the New York Times, military members are also often victims of "yo-yo" financing, where dealerships will sell an individual an automobile, agree to financing and then call them, saying the financing fell through. When people return the car, the dealer demands many thousand dollars more as a larger down payment.
Widespread but largely unchecked
There's no telling how widespread the practice is, due to dealerships being much less regulated than other services. However, the financial advising unit of the Pentagon, according to the Los Angeles Times, reported last year that 72 percent of the counseling it delivered was related to problem car loans. Young service members are at the most risk; dealerships often entice service people by portending to offer steep military discounts.
Suspicious car loans and car financing for military members, as well as the civilian population, should be reported to federal authorities straight away.
The Federal Trade Commission and Federal Reserve are the ones that regulate car loans unless the loans are being provided by the dealerships. The loans the dealerships offer are regulated by the Consumer Financial Protection Bureau. Currently, David Petraeus's wife, Petraeus, is the head of military affairs at the Consumer Financial Protection Bureau.
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Are you trying to purchase or sell a new or used Ford Explorer? If this portrays you, don't go any place else before you look into Spokane auto dealers.
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