U.S. consumer organizations have been a lawsuit car manufacturers and banks onto the dock. The reason is that they encourage car dealers to exaggerate the elevation of the gap between lending rates and acts in its scope ranging from 400 to 5,000 U.S. dollars.
The U.S. national automobile dealers association (National Automobile Dealers Association), argued that: "the acts of dealers to raise interest rates on retail financial services to provide a fair compensation."
In the report submitted by, the U.S. Consumers Union (Consumer Federation of America) to raise interest rates described as "all vehicle industry-leading financial companies and top auto loans initiated by the bank." They said: "Even if consumers I believe they can get the best lending rate, car dealers are still without raising lending rates. It did not disclose some of the most interest from the lender returned to the dealer, of course, the lender also has been a certain income. "
The report quoted GM, Ford and Nissan loans provided by financial services.
Several states in the United States, the scholars are from the manufacturers of these loans to study for more than legal proceedings. These proceedings are prosecuted automobile manufacturers, banks and automobile dealers unfair to raise lending rates, this situation is particularly serious for a small number of consumers.
All of the above three companies said they submitted to the dealer only from the consumer loan applications along with a certain rate. The dealer offered the highest bid to the banks or car manufacturers will be given a car loan business.
Ford Credit (Ford Credit) spokesman Dan Jarvis said: "On the one hand, dealers developed consumer lending rates, but also distributors in the choice of financial institutions. But our role is only for loans bid, we are facing From other lenders in the competition. "
Consumers Union's automotive manufacturers and other lenders to the expectations of dealers can be unified Price, to provide their consumer loan business to the dealer for a specified fee.
The U.S. national automobile dealers association (National Automobile Dealers Association), argued that: "the acts of dealers to raise interest rates on retail financial services to provide a fair compensation."
In the report submitted by, the U.S. Consumers Union (Consumer Federation of America) to raise interest rates described as "all vehicle industry-leading financial companies and top auto loans initiated by the bank." They said: "Even if consumers I believe they can get the best lending rate, car dealers are still without raising lending rates. It did not disclose some of the most interest from the lender returned to the dealer, of course, the lender also has been a certain income. "
The report quoted GM, Ford and Nissan loans provided by financial services.
Several states in the United States, the scholars are from the manufacturers of these loans to study for more than legal proceedings. These proceedings are prosecuted automobile manufacturers, banks and automobile dealers unfair to raise lending rates, this situation is particularly serious for a small number of consumers.
All of the above three companies said they submitted to the dealer only from the consumer loan applications along with a certain rate. The dealer offered the highest bid to the banks or car manufacturers will be given a car loan business.
Ford Credit (Ford Credit) spokesman Dan Jarvis said: "On the one hand, dealers developed consumer lending rates, but also distributors in the choice of financial institutions. But our role is only for loans bid, we are facing From other lenders in the competition. "
Consumers Union's automotive manufacturers and other lenders to the expectations of dealers can be unified Price, to provide their consumer loan business to the dealer for a specified fee.
No comments:
Post a Comment