Recent Case

Coerced into Repurchasing Trade-In – Alvarez v. Camino Real Chevrolet, et al.

In the case of Alvarez v. Camino Real Chevrolet, Mr. Alvarez traded in his vehicle for a new 2020 Chevrolet Spark. At the time, Mr. Alvarez still owed $8,750 on his trade-in and Camino Real Chevrolet gave him a gross trade-in value of $5,000, resulting in a net trade-in value of -$3,750.
Mr. Alvarez alleges, more than 10 days after the transaction, Camino Real Chevrolet told Mr. Alvarez that he had to bring the Spark back because they couldn’t get him financed. He alleges Camino Real Chevrolet gave him a choice: (1) he could pay $3,750 and walk away with no vehicle, or (2) Mr. Alvarez could repurchase his trade-in for $8,750. With limited funds, in need of transportation, and believing he had no other choice, Mr. Alvarez agreed to repurchase his trade-in for $8,750.
Mr. Alvarez asserts, because it was more than 10 days after the transaction, Camino Real Chevrolet had no right to force him to return the Spark, let alone choose between paying off the balance owed on his trade-in or repurchasing his trade-in.
If your car dealer contacted you outside the 10-day period and told you to return the vehicle you just purchased and that you had to repurchase your trade-in, contact Auto Fraud Legal Center’s Auto Fraud Legal Center for a COMPLIMENTARY evaluation of your rights.