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CarMax Sold Cars Buyers Couldn't Legally Own For Months At A Time
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CarMax Sold Cars Buyers Couldn't Legally Own For Months At A Time
CarMax will pay $1.1 million to settle a California title transfer lawsuit. Some buyers couldn’t prove legal ownership of cars they had already paid for. Prosecutors from 6 counties cited thousands of missed DMV filing deadlines. Buying a used car can sometimes feel a bit nerve-wracking. Going through a reputable dealer is supposed to alleviate some of those fears. According to prosecutors in California, buying from CarMax was anything but a smo…
CarMax agreed to pay $1.1 million to settle a lawsuit after allegations that the car dealer would not have delivered key documents to thousands of its buyers on time. Without admitting to breaking the law, CarMax pledged to pay that amount, but also to improve its practices. Dealers will now have to suspend the sale if they do not have the title of the vehicle at hand, among other things.
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