Maximum Rate Allowed on Florida Used Car Loans
Jun 30, 2012
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 f...
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CarFax Reports - Understanding the Limitations of Vehicle History Reports
May 21, 2012
Used-car buyers increasingly are depending on vehicle history reports, like CarFax and AutoCheckto make sure that that thevehicle they are buying has not beencrashed, stolen, flooded,etc.
Many dealers...
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Selling Used Cars without Airbags - Illegal in Florida
May 19, 2012
In these tough economic times, many consumers are buying used cars, versus new cars in an effort to save money. However, I have seen cases where a consumer buys a late-model car, that has been in an ac...
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Certified Pre Owned Used Cars – What does CPO really mean?
May 19, 2012
Many car dealers offer Certified Pre Owned (CPO) used cars on their lots. Each dealer touts various benefits of buying a CPO car. For example, that the car has been inspected, and has not been in a col...
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Used Car "As-Is" Warranty Disclaimers
May 19, 2012
A Michigan court determined that oral representations made by the car dealer's salesman to the buyer that the car had been inspected by the dealership and had been found to have no mechanical problems ...
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Motor Vehicle Registration "Frozen" by Florida DMV after Repo Attempt
Mar 26, 2011
History of the Registration Freezing Statute Section 320.1316 Florida Statutes was enacted in 2009, based upon the recommendations of the Automobile Lenders Industry Task Force. The Task Force was le...
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