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This involves the unlawful practice of hiding vital vehicle-related information from the potential buyers. Vehicles with major problems or previously owned vehicles cost less due to their condition. By concealing such information, a dealer gets the chance to make more money out of the deal. Next are a few types of non-disclosure fraud.
Usually, these vehicles are valued much cheaper compared to similar vehicles that are not used for commercial reasons. Hence, the dealer should disclose information about the prior use of the vehicle they are selling.
Previously damaged vehicles are valued much cheaper because they can be really dangerous to drive. The potential buyer needs to know what to expect from their purchase.
Sometimes, when a collision is too severe, the insurance company declares the vehicle a “total loss.” Such a vehicle should be repaired at licensed repair facilities and then undergo a safety inspection. Only after passing the inspection, it can be sold with full disclosure of the salvage title.
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