West Virginia Auto Dealer to Pay $80,000 Fine for Deceptive Advertising
A West Virginia auto dealer has settled a Federal Trade Commission (FTC) complaint that it violated the terms of a 2012 consent order.
The December 2014 complaint charged that Ramey Motors violated the 2012 agreement with the FTC by continuing to deceptively advertise the cost of buying or leasing cars.
According to the complaint, Ramey Motors and three affiliated dealerships concealed important offer terms, such as the requirement to make a substantial down payment.
The company also failed to make credit disclosures clear and conspicuous, and failed to retain and produce appropriate records to the FTC.
As part of the settlement, Ramey Motors will pay an $80,000 fine and is prohibited from violating the original 2012 order.