Author: Eric Freedman
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Capital One sues Missouri dealership for misrepresenting consumer payments, vehicle features
A Missouri dealership repeatedly made major misrepresentations about cash down payments, sales taxes, options and features on vehicles it sold, according to a federal lawsuit filed by Capital One Auto Finance, which bought dozens of such loans.
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Md. dealer’s default is $4.5 million, lawsuit says
As dealer Danny Sauro and his two Maryland stores fell further out of trust, Nissan Motor Acceptance Corp. relayed a persistent message: Pay up. When it didn’t, Nissan’s captive sued the company for $4.5 million in floorplan default.