- Edited
Angelina
But such a market is completely in the hands of big companies and they can cheat and trick individual customers pretty much whenever and however they want because as individual you simply cannot stand up against a billion dollar corporation.
If the state does not regulate anything, what would you do if you find out the car you bought is unsafe, brakes do not work properly for example. You could try to file a lawsuit but the company can take that trivial lawsuit all the way to the highest court, because 10,000 or even 20,000 dollars in legal fees are irrelevant. They can delay settlement for years by drawing out the process. They offer you 2,000 and because you need a car to get to your work, you are forced to take their offer in order to buy a crappy used car, because you cannot afford to wait a few years until you maybe win the lawsuit. As individual customer you are not fighting on even terms, you have no way to win - ever.