How Car Dealerships Really Make Money (And How Consumers Can Protect Themselves) BY: Robert J. Nahoum When most consumers walk onto an auto dealership lot, they assume the dealer makes the bulk of its profit by selling cars above wholesale cost. In reality, modern dealerships often treat the sale of the vehicle itself as a loss leader or break-even transaction. […]
How Car Dealerships Make Money: The F&I Room Secrets
Forged Signatures on Car Contracts: NJ Auto Dealer Fraud Explained
By: Robert J. Nahoum Buying a car should be an exciting milestone, not a financial trap. Yet, one of the most egregious and deceptive tactics used by dishonest car dealerships in New Jersey is forging signatures on sales and financing documents. When consumers sit down in the Finance & Insurance (F&I) office, they expect transparency. Instead, corrupt dealership staff sometimes […]
New Jersey Auto Dealer Bait-and-Switch: How Dealers Break the Law and How You Can Fight Back
By: Robert J. Nahoum Buying a car should be straightforward: you see an advertised price, you go to the dealership, and you buy the car at that price. But too often, New Jersey consumers are lured in by a low advertised price,—only to be told the car is “just sold,” or that the price requires a large down payment, trade-in, […]
How the Truth in Lending Act Protects New Jersey Car Buyers from Auto Fraud
By: Robert J. Nahoum Buying a vehicle is often one of the largest financial commitments a consumer makes. When you step onto a New Jersey dealership lot, you expect a fair deal and transparent terms. Unfortunately, deceptive sales tactics and hidden auto financing schemes remain widespread across the state. When crooked car dealerships manipulate financing terms, pad contracts, or mislead […]
New Jersey Auto Dealer Fraud FAQ: Common Scams & Your Legal Rights
By: Robert J. Nahoum Buying a new or used vehicle is one of the largest purchases most New Jersey residents will ever make. While most car buyers expect tough negotiations, many are unprepared for deceptive tactics, hidden fees, and illegal financing schemes executed in the showroom or the Finance & Insurance (F&I) office. If you feel like a car dealership […]
Victory Mitsubishi Consumer Complaints: Hidden Fees, Pricing Concerns, and Your Legal Rights
Victory Mitsubishi Consumer Complaints: Hidden Fees, Pricing Concerns, and Your Legal Rights By: Robert J. Nahoum If you bought or financed a vehicle from Victory Mitsubishi in the Bronx and believe the deal did not match what you were promised, do not assume the paperwork ends the conversation. A careful review of the advertising, sales documents, finance contract, and communications […]
NYC DCWP Debt Collection Rules FAQ: 2027 Compliance Guide
By: Robert J. Nahoum New York City Releases FAQs and Delays Sweeping Debt Collection Rules Until January 1, 2027: What Consumers Need to Know In a significant update for New York City consumers and the debt collection industry, the New York City Department of Consumer and Worker Protection (DCWP) released official Frequently Asked Questions (FAQs) regarding its landmark debt collection […]
Tablet vs. Signature Pad in Car Sales: How Digital Signing Can Hide Loan Terms (and What the Law Says)
By: Robert J. Nahoum If you have purchased a car in the last several years, chances are you were asked to “sign” documents electronically—either on a tablet like an iPad or on a small signature capture pad. While these technologies are marketed as convenient and modern, they can also be used in ways that leave consumers in the dark about […]
SIM Swapping Scams and Unauthorized Bank Transfers: What Consumers Need to Know Under the EFTA
By: Robert J. Nahoum SIM swapping scams are rapidly becoming one of the most dangerous forms of financial fraud in the United States. These scams can give criminals full access to your bank accounts, often leading to devastating unauthorized electronic funds transfers. If you have experienced this type of fraud, federal law—specifically the Electronic Funds Transfer Act (EFTA)—may provide powerful […]
Suspicious Activity Scam Alerts Draining Bank Accounts: When Victims Have Rights Under the EFTA
By: Robert J. Nahoum Scam alerts warning of “suspicious activity” on your bank account are becoming increasingly sophisticated—and increasingly dangerous. A recent report highlights how fraudsters are using these messages to trick consumers into giving up access to their accounts, often leading to devastating financial losses. If you or someone you know has fallen victim to this type of fraud, […]