Category: Buy Here Pay Here

Florida Used Car Buyers Beware

Posted on 02/15/13 by Dana Manner
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CAMBRIDGE, Mass., December 12, 2012 – Car shoppers looking to save money by buying a used car instead of a new one will want to take note of findings from a recent study by auto shopping site CarGurus (www.cargurus.com), which indicate that roughly one in six (16%) used cars listed for sale in the U.S. shows […]

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USA Today Article Quotes Miami Consumer Advocate Attorney Dana Manner

Posted on 02/07/13 by Dana Manner
USA Today

February 7, 2013 USA Today “Confident Consumer” reporter Jayne O’Donnell published an article on Yo-Yo car financing entitled “Don’t Take Car Until Loan is Final” (pdf copy of article). The article highlights many of the problems surrounding spot-delivery of cars to consumers (i.e. cars are delivered “on the spot” with a promise from the dealer […]

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Palmetto Florida Used Car Dealer Arrested

Posted on 09/30/12 by Dana Manner
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September 21, 2012 – Thomas Breese Brown Jr. owner of Palmetto Automotive Sales and Service LLC, a used car dealership located at 405 8th Avenue West, Palmetto, FL has been arrested, the Florida Department of Revenue announced. Mr. Brown, 42, who lives in Palmetto, was arrested by the Manatee County Sheriff’s Office on felony and misdemeanor […]

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Hallandale Florida Auto Dealer Arrested

Posted on 09/30/12 by Dana Manner
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September 24, 2012  - William B. Hatchett owner of B&K Motors, Inc. located at 220 North West 5th Avenue, Hallandale, Florida has been arrested on charges that he stole more than $41,000 in sales tax he collected from customers, the Florida Department of Revenue announced today. Hatchett lives in Pembroke Pines and was arrested by the Broward County […]

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Florida Dealer Financing Compliance

Posted on 09/15/12 by Dana Manner
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Here’s an amusing video published by FADA regarding Florida dealer non-compliance with car financing laws. Fast-forward to 0:56 to see the police detective pointing a finger and interrogating the hapless F&I manager. Detective: “You’re not issuing the appropriate notice of credit denial. Your Buyer’s Order does not comply with Chapter 501.” F&I Manager: “You’ll have […]

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Car Dealer Yo-Yo Scams Examined by Center for Responsible Lending

Posted on 07/04/12 by Dana Manner
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A recent research report published by the Center for Responsible Lending entitled “Deal or No Deal: How Yo-Yo Scams Rig the Game against Car Buyers” examines the yo-yo scam used by car dealers.   “In the yo-yo scam, the dealer allows the customer to leave the lot on a spot delivery but pulls the consumer […]

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Maximum Rate Allowed on Florida Used Car Loans

Posted on 06/30/12 by Dana Manner
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The maximum amount of interest, or the highest interest rate (APR) allowed by law in Florida on used car loans is governed by Florida Statutes 520.08 – “Finance charge limitation.” The statute provides for a sliding-scale of increasing interest rates allowed, depending on the age of the car at the time that it is sold or […]

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Tampa Florida Buy Here Pay Here Dealer Arrested by Feds

Posted on 06/25/12 by Dana Manner
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According to a press release of the US Attorney’s Office of the Middle District of Florida in Tampa, Florida US Attorney Robert E. O’Neill announced the unsealing of a thirty two count indictment charging Russell B. Simmons, Jr. (42, Tampa) with tax fraud and aggravated identity theft. Specifically, Simmons is charged with eight counts of […]

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Lauderhill Florida Used Car Dealer Arrested

Posted on 06/24/12 by Dana Manner
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June 6, 2012 – George C. Nugent, 35, owner of C And G Auto Sales has been arrested on charges that he stole more than $25,000 in sales tax he collected from customers, but failed to send in to the state, the Florida Department of Revenue announced. Mr. Nugent, who lives in Fort Lauderdale, was […]

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Tallahassee Florida Used Car Dealer Arrested

Posted on 06/24/12 by Dana Manner
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May 10, 2012 – Rodney T. Davis, the owner of Victory Motors of Tallahassee, Inc., formerly located in Tallahassee has been arrested on charges that he stole more than $63,000 in sales tax he collected from customers at his dealership, but failed to send in to the state, the Florida Department of Revenue announced. Mr. […]

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