Legal Question in Consumer Law in Texas
dealer fees
I am in TX and I am about to buy this car for $5995. When I sit down to sign all the papaerwork I noticed these 3 charges
Doc Fee $50.00
Loan Origination $125
Weekly Loan Service $125
Are these fees legal? I am going to make payments directly to the dealer, buy here-pay here system, no banks or any financial institucion is involved in this transaction. Good thing about, No interes charges,
Asked on 12/19/07, 1:51 pm
1 Answer from Attorneys
James Grissom
Law Office of James P. Grissom
Re: dealer fees
I bet that "weekly loan service" charge is the same thing as interest and probably violates TX usury laws. If you want my assistance on this matter, contact me by email.
Answered on 12/19/07, 2:24 pm
Related Questions & Answers
-
Car Purchase Contract Purchased car from dealership, signed contract for price,... Asked 12/18/07, 1:31 pm in United States Texas Consumer Law
-
Car dealership selling car without clear title is it legal to sell a car in texas... Asked 12/14/07, 9:50 pm in United States Texas Consumer Law
-
Canceling a service Recently i was called at work and asked to join a magazine... Asked 12/11/07, 8:55 pm in United States Texas Consumer Law
-
Multiple Auto Lease Contracts I recently returned a vehicle after completing the... Asked 12/10/07, 2:11 pm in United States Texas Consumer Law
-
Need a copy for proof to send to credit card company Where can I receive a copy of... Asked 12/10/07, 10:23 am in United States Texas Consumer Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
