Payment packing is one of the common causes of boosted monthly vehicle installments. If you think that you are paying more than you should on your vehicle, perhaps you are a victim of it, too, without you realizing it.
Payment packing can range anywhere from being questionably unethical to downright illegal and takes many forms. Typically, to earn more, the vehicle salesperson provides the customer with a price quote that comprises extra products, including credit life insurance, VIN etching, undercoating, gap insurance, and so on. While some of these add-ons offer real value, not every add-on is worth your investment. And sometimes, pre-loaded add-ons in the vehicle can be hard to turn down.
Under deceptive actions comes artificially increased vehicle’s price or interest rate and a decrease in down payment without your knowledge. Even though the dealership’s finance manager is required to disclose the base payment of the vehicle in the car buying contract, some prevent doing so and end up illegally packing additional payments.
In the long run, these payment packings can cost you a fortune; therefore, addressing the issue before you fall into debt is quite crucial.
Experts like Allen Stewart can help you navigate the car buying contract and even help you comprehend whether or not you are paying more than you should. If you weren’t notified about the additional and optional products while purchasing the vehicle, their attorney would assist you in fighting for the same.
Since the penalties for deceptive and unfair trade practices vary from state to state, an attorney can help build a solid case against the dealers, thereby forcing them to pay hundreds, if not thousands, of dollars in legal damages and fines.
For more information, log into https://www.allenstewart.com/
About the company
Allen Stewart is one of the leading law firms in the USA that provides legal services to a wide range of issues, including occupational cancer, bankruptcy, fraud, lemon law and personal injury. They have a proven track record of successfully assisting hundreds, if not thousands, of clients in the past. From navigating you through complex legal procedures to helping you comprehend your rights, their attorneys will stand by your side at all times.
Contact
Address – 1700 Pacific Avenue Suite 2750, Dallas, Texas 75201
Phone – 866 440 2460
Website – https://www.allenstewart.com/