Contracts
Sep. 19, 2023
Consumers are being victimized each time they lease a vehicle
Boilerplate car leases fail to advise the customer that if their car is in an insured accident and is totaled, the customer will be denied the insurance proceeds which exceeds its outstanding debt owed the Dealer and the Dealer will reap a windfall of those proceeds.
Practically every car dealer and leasing company (“Dealers”), not only in California, but throughout the USA, uses the same form closed end lease entitled “LLaw VCI-UCL-U-eps-14 3/18” when their customers lease vehicles. That boilerplate lease fails to advise the customer that if their car is in an insured accident and is totaled, the customer will be denied the insurance proceeds which exceeds its outstanding debt owed the Dealer and the Dealer will reap a windfall o...
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