Dealer Fraud: Salvaged and Flood Damaged Vehicles
Auto dealer fraud can occur in any number of ways, particularly when businesses fail to disclose certain information to consumers. If a vehicle has been flood damaged or totaled and the insurance company signed off on a salvage title being issued, for example, this must be disclosed to potential car buyers. But let the buyer beware: there is an active market where totaled vehicles are bought and sold, costing consumers millions of dollars in losses each year.