When it comes to consumer fraud in the auto industry, nothing is more corrupt than a bait and switch technique DealSure calls the post-delivery “Financing Fell Through” Scam.
It’s a trick that unethical car dealers use to increase your down payment and/or jack up the interest rate on your car loan after you drive it off the lot – and this is how it works.
If you don’t know by now, I have an infatuation with startups. I enjoy everything that comes with having a startup and getting to know the teams that work for them. Inspiration presents itself to me every day through hearing and getting to meet the people behind these innovative ideas.
By Jason Saltzman
Startup Mentor, Entrepreneur, CEO of Alley
Read the rest at Entrepreneur.com
In an article published last month in Business Insider, reporter Eugene Kim revealed a plan by online retailer Amazon to enter the $1.2 trillion dollar auto market by partnering with Fiat Chrysler to sell three top models in the auto makers product line. To test the approach in a test tube of sorts, Amazon will only offer the car purchase option to buyers in Italy.