Truth in Lending Act Whenever you sign off on a loan, be it from the bank or for a car with in-house financing, you’d want to know every single detail, or at least you should do your due diligence to get the information in front of you. Likewise, dealers and lenders are supposed to show you how much you will eventually pay before signing. Both parties are supposed to be transparent, though that might not be the case in this story, Automotive News reports.So what’s happening with this Atlantic Kia dealership in New York and its customer? According to the plaintiff, Jean Garcia, the used vehicle they bought is priced “grossly-inflated” and “packed with costly hidden charges.” According to the dealer, they extended a …
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Author: Earl Lee
