Did a search and found these links -
Michigan ‘s Consumer Law Group, PLC
....they make wild promises without actually advance commitment form the finance company. Then, when the financing falls through, they say “We need the car back, or we’ll call a wrecker. And don’t ask for your down payment or trade-in, because they’re gone.”
That’s illegal, and you don’t have to take it.
https://clgplc.net/practice-areas/auto-dealer-fraud/
MICHIGAN VEHICLE CODE (EXCERPT)
Act 300 of 1949
The bond shall indemnify or reimburse a purchaser, seller, lessee, financing agency, or governmental agency
for monetary loss caused through fraud, cheating, or misrepresentation in the conduct of the vehicle business whether the fraud, cheating, or misrepresentation was made by the dealer or by an employee, agent, or salesperson of the dealer. The surety shall make indemnification or reimbursement for a monetary loss only after a judgment based on fraud, cheating, or misrepresentation is entered in a court of record against the licensee or a final order that the licensee has engaged in fraud, cheating, or misrepresentation is issued by the secretary of state after an administrative hearing.
http://www.legislature.mi.gov/(S(obolwwtxrhkfpt1fldrfznnm))/mileg.aspx?page=getObject&objectName=mcl-257-248
Auto Finance Fraud
Common Cases We See:
There are a few different kinds of auto finance fraud cases. If you have experienced any of the below, you may have a case:
Yo-Yo Scams – In a yo-yo scam,
the dealership will inform you that you have been approved for financing of a vehicle and give you the vehicle to !take home. The dealership will later ask you to return back with your vehicle – sometimes by telling you that your financing has fallen through or that you need to sign more papers. If you return, the dealership may demand that you pay higher fees, more payments or a higher down payment in order to keep the car. But if you refuse, they will take the vehicle from you.! This “bait and switch” is referred to as yo-yo financing.! If you have had your vehicle taken from you by a dealer or have been asked to return to the dealership with your car, you may be a victim of a yo-yo scam.
http://michiganconsumerlaw.com/practice-areas/auto-finance-fraud/
There are other Michigan legal web sites, the above is just a few of them.
Kudos to you
