The Devastating Loophole That Sticks Car Buyers With Interest Rates That Would Be Otherwise Illegal
The Devastating Loophole That Sticks Car Buyers With Interest Rates That Would Be Otherwise Illegal
In New York, charging interest above 16% is a violation of the state's civil usury law. But auto dealers are allowed to set whatever finance charge they want for certain installment plans.
March 29, 2018 at 11:28AM
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