Mercedes Benz Of Valencia, part of a nine-dealership chain known as Sage Automotive Group, has paid a $3.5 million fine for deceptive advertising practices as part of a Federal Trade Commission settlement.
Federal Trade Commission members charges the car dealers “used deceptive and unfair sales and financing practices, deceptive advertising, and deceptive online reviews.”
Mercedes Benz of Valencia was cited in the order for the violations
The proposed order will bar the defendants from engaging in other unlawful conduct when a sale is cancelled, such as failing to return any down payment or trade-in or seeking legal action, arrest, repossession or debt collection unless the action is lawful and the defendants intend to take such action. It also prohibits them from violating the Truth In Lending Act and Regulation Z, and the Consumer Leasing Act and Regulation M.
Read the full story [here].
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4 Comments
Margo Caruso
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Jon Semerjian
I was always suspicious of this dealership and wondered why I was creeped out by them and how they could never earn my business. Warranty service is all i had done there, and but for the fresh baked cookies I would never go back. I hope this deceptive advertising practices settlement teaches them a lesson.