Mistake in the Deal, Now What?

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Dealers are increasingly finding themselves in a position where a lender is demanding the money back on a retail installment contract or lease deal gone bad. Identity theft and fraud are the leading causes for these bad deals. Identity theft is becoming an everyday occurrence and no help is to be had from local law enforcement.

These are not the only risks dealers face. Wrong quotes provided on documentation, by text or email also have legal consequences that dealers need to be aware of.    

So how then do dealers protect themselves and recover the vehicle or money lost on a bad deal or due to an employee error?

Stevan LaBonte, Esq. of the LaBonte Law Group will provide direction and advice on how to avoid bad deals and, if you repaid a lender on a deal, how you could you recover the vehicle or amounts owed.  

Topics of Discussion Include:

  • Recognizing and avoiding a potential bad deal

  • Correcting a wrong quote on a signed buyer’s order

  • How to seek recovery of a lost vehicle

  • Negotiations with the lender

  • Repossession rights

  • Civil litigation options

Presenter:

  • Stevan LaBonte, Esq., LaBonte Law Group

Moderators:

  • Susan J. Bieber, Esq. Vice President Dealer Services, GNYADA