By: Robert J. Nahoum Walking into a car dealership can feel like entering a high-stakes negotiation. You’ve picked the car and agreed on a price, but then comes the “fateful” moment in the Finance & Insurance (F&I) office. They slide a long, legalistic document in front of you: the Retail Installment Sales Contract (RISC). Most buyers sign it without a […]
Is Your Car Dealer Ripping You Off? How to Analyze a Retail Installment Sales Contract
What to Have Ready Before a Free Consultation with an Auto Fraud Lawyer
By: Robert J. Nahoum What to Have Ready Before a Free Consultation With a Lawyer When you contact an auto fraud lawyer for a free consultation, preparation makes a big difference. Taking time to gather the right information and documents helps your attorney quickly understand your situation and offer meaningful guidance. Having these details ready will make the consultation more […]
How Electronic Signatures Changed Auto Financing
By: Robert J. Nahoum The rise of electronic signatures has transformed how auto sales are completed. Dealerships can now finalize transactions instantly, allowing consumers to sign purchase and financing documents electronically from a tablet or computer. While convenient, this digital shift has also created new opportunities for deception. Unscrupulous dealers may use electronic signature platforms to slip unauthorized products into […]
How the Federal Truth in Lending Act Protects Car Buyers
By: Robert J. Nahoum The Federal Truth in Lending Act (TILA) is a federal law that was enacted in 1968 to protect consumers from unfair and deceptive lending practices. TILA applies to a wide range of consumer credit transactions, including car loans. One of the key provisions of TILA is the requirement that lenders disclose certain information to borrowers before […]
How Signing An Auto Sales Contract May Allow an Auto Dealer to Get Away with Fraud
By: Robert J. Nahoum THE PROBLEM You’ve decided to take buy a new car. Like most people, you don’t have enough cash on hand to buy the car outright so you are planning to finance the purchase of your new car. You get to the dealership, find the car you want and negotiate a price. You step into the finance […]
Are Rideshare Cars Like Uber and Lyft Protected by the Truth in Lending Act?
By: Robert J. Nahoum THE PROBLEM You’ve decided to take the plunge and buy a new car to be used as a Rideshare like Uber and Lyft. Like most people, you don’t have enough cash on hand to buy the car outright so you are planning to finance the purchase of your new car. You get to the car dealership, […]
Must an Auto Dealer Disclose a Vehicle’s History?
By: Robert J. Nahoum If you’re shopping for a used car, you may be wondering whether a dealership is required to disclose if the car has been in an accident. The answer is, as with most things, it depends on the circumstances. Under New York law, dealerships may be required to disclose information about a car’s history if that information […]
What Is the Truth in Lending Act in Auto Sales
By: Robert J. Nahoum THE PROBLEM You’ve decided to take the plunge and buy a new car. Like most people, you don’t have enough cash on hand to buy the car outright so you are planning to finance the purchase of your new car. You get to the car dealership, find the car you want and negotiate a price.  Now, […]
Sued By Clover Commercial Corp In New York or New Jersey?
By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint. Clover Commercial Corp is suing you for an old debt. WHO IS CLOVER COMMERCIAL CORP?: Clover Commercial Corp is an infamous “sub-prime†auto lender in the New York metropolitan area. Clover Commercial Corp makes loans to consumers for the purchase of automobiles. As a […]
Sued By East Coast Funding Group, Inc. In New York?
By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint. East Coast Funding Group, Inc is suing you for an old debt. WHO IS CYPRESS FINANCIAL RECOVERIES, LLC?: East Coast Funding Group is a sub-prime auto lender financing the purchaser of new and used vehicles by consumer with bad credit. When the consumer default […]