Multi-million-dollar exotic car sales scam…

Willow1308

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Multi-million-dollar exotic car sales scam…

Interesting video to watch…



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Sponsored

 
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Willow1308

Willow1308

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It’s amazing how many auto enthusiast’s trusted the CMC dealership in California to sell their cars…

They inventoried tens of millions of dollars worth of other peoples vehicles…

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zrk

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It’s amazing how many auto enthusiast’s trusted this dealership…

They inventoried tens of millions of dollars worth of other peoples vehicles…

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Those jerks even stole pictures of my garage.
 
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Willow1308

Willow1308

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Crave Luxury Motors in the Woodlands area of north Houston just closed…

They were a well-known exotic consignment dealer in the Houston area…

They very quietly and suddenly closed their showroom…lots of rumors circulating on why they closed…

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Willow1308

Willow1308

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The consignment scam works like this…

Existing owner who consigned their vehicle was not paid after it was sold…but they still had the title…

The new owner paid for the car…took delivery of the car…but never received a title…

More than likely the dealership kept the funds…

Many of the people whom consigned vehicles never knew their car was sold…

Additionally… the dealership is supposed to pay off the existing loan on the car… and in many cases the new owner has applied for and secured a new loan…

But …the dealership was not paying off the existing loan…so both the buyer and seller both had loans secured against the same vehicle…

Not a good situation! 😳

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XtremeMaC

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After I read some reviews that loans didn't get paid, was afraid that was going to happen with Carvana. Luckily not, yet. Who knows if they'll turn evil.
 

SupraNews

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After I read some reviews that loans didn't get paid, was afraid that was going to happen with Carvana. Luckily not, yet. Who knows if they'll turn evil.
Carvana has done that and not titled vehicles and had dealer licenses revoked then put back.
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