Law and Rights
Like a good neighbor, State Farm is there ... right in the middle of trouble!
At least 8 lawsuits have been filed around Ohio against State Farm, salvage yards and wrecked car rebuilders, and car dealers who sold rebuilt cars without disclosing the truth about their prior history. Others are being filed around the country.
Read the newspaper article by clicking here.
In each case consumers bought a car or truck or suv and received a clear title, only to find out last September that they had bought a vehicle that State Farm had totaled out in the recent years. The lawsuits claim that State Farm was totaling out vehicles nationwide and reselling them to junk yards and salvage yards with "clean" titles, car titles that showed no history of the truth about what had happened to them.
The vehicles could then be rebuilt and dumped on the used car market, where unsuspecting buyers would pay thousands of dollars to buy what they thought were good used cars, only to find out later that they were worth no more than a fraction of the price. Some insurance companies won't insure a salvage vehicle and some banks won't give a loan to buy a salvage vehicle.
Worse yet, without a thorough safety inspection, the current owner of a salvage car could be driving a shoddily repaired car with "fake" airbags or other inadequate repairs. It could cost thousands of dollars to make a salvage car roadworthy and safe again.
You can find out more about Salvage Cars and why they can be a dangerous consumer ripoff by clicking here.
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- Are Flood Cars Headed To Your Dealer?
A tip from an industry source warns us that as many as 10,000 damaged vehicles may come out of the recent Texas floods and insurance companies may be letting wholesalers buy these vehicles so they can end up at your neighbor dealer's car lot. Texas...
- Who's Best? Carfax Or Autocheck Or Nmvtis And Vehicle History Reports
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- Wrecked Car Records Go Public, Finally
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Law and Rights
State Farm - Not a Good Neighbor?
Like a good neighbor, State Farm is there ... right in the middle of trouble!
At least 8 lawsuits have been filed around Ohio against State Farm, salvage yards and wrecked car rebuilders, and car dealers who sold rebuilt cars without disclosing the truth about their prior history. Others are being filed around the country.
Read the newspaper article by clicking here.
In each case consumers bought a car or truck or suv and received a clear title, only to find out last September that they had bought a vehicle that State Farm had totaled out in the recent years. The lawsuits claim that State Farm was totaling out vehicles nationwide and reselling them to junk yards and salvage yards with "clean" titles, car titles that showed no history of the truth about what had happened to them.
The vehicles could then be rebuilt and dumped on the used car market, where unsuspecting buyers would pay thousands of dollars to buy what they thought were good used cars, only to find out later that they were worth no more than a fraction of the price. Some insurance companies won't insure a salvage vehicle and some banks won't give a loan to buy a salvage vehicle.
Worse yet, without a thorough safety inspection, the current owner of a salvage car could be driving a shoddily repaired car with "fake" airbags or other inadequate repairs. It could cost thousands of dollars to make a salvage car roadworthy and safe again.
You can find out more about Salvage Cars and why they can be a dangerous consumer ripoff by clicking here.
Subscribe in a reader- Are Flood Cars Headed To Your Dealer?
A tip from an industry source warns us that as many as 10,000 damaged vehicles may come out of the recent Texas floods and insurance companies may be letting wholesalers buy these vehicles so they can end up at your neighbor dealer's car lot. Texas...
- Who's Best? Carfax Or Autocheck Or Nmvtis And Vehicle History Reports
CarFax and AutoCheck and the NMVTIS are three different sources for vehicle history reports that can be obtained online so you can find out the history of a used car you may be thinking of buying - so you can avoid a lemon. So, which is best and does...
- Wrecked Car Records Go Public, Finally
After years of wrangling and and lawsuits to force federal bureaucrats to do what Congress told them to do long ago, there is now an online database where consumers can go to get wrecked car records filed by insurance companies, junk yards, salvage yards...
- The "good Hands" People?
Are you in good hands? Maybe. Maybe not. The results are in of a comprehensive investigation of thousands of legal documents and financial filings by the American Association for Justice to determine the best and the worst of the insurance companies....
- Used Car Research Getting Easier
Online vehicle research for used cars is getting easier every day. The online title check companies are putting more and more info into their database records for millions of motor vehicles. That will make it easier for consumers to identify wrecked cars...