By: Robert J. Nahoum What Is a Retail Installment Sales Contract? A retail installment sales contract (often called a “RISC” or “RIC”) is the primary finance contract you sign when you buy a car on credit from a dealership instead of paying cash. In this deal, you agree to pay the dealer the price of the vehicle over time, with interest, and […]
What Is a Retail Installment Sales Contract? Understanding Your Auto Loan Rights
Five Tips to Avoid Getting Ripped Off by an Auto Dealer — And What to Do If You Were
By: Robert J. Nahoum Buying a car should be exciting, not stressful. Unfortunately, some auto dealers take advantage of buyers through hidden markups, fake financing promises, or misleading disclosures. As a New York/ New Jersey consumer protection and auto fraud lawyer, I’ve helped many clients recover when they were deceived. Here are five tips to avoid getting ripped off by an […]
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 […]
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, […]