Jaclyn Allen is a Denver7 Weekend Anchor and Contact7 Reporter.
DENVER — Some Colorado auto dealerships are charging hundreds of dollars in fees to people who want to buy out their car leases. But are these fees legal?"The used car market is pretty hot, so cars are holding their values. It was pretty apparent at the end of my lease that I had quite a bit of equity," said Taylor, who said the lease contract clearly spells out the costs of buying out the lease.
Maybe not, according to Colorado Attorney General Phil Weiser, who said undisclosed lease fees are illegal. The Colorado Auto Dealers Association said dealers should not be charging D&H fees on lease buyouts, but there may be exceptions, such as in Taylor's case. "We're a uniform consumer credit code state, which says if you're looking at a new transaction if it is cash or credit, you must charge D&H on all transactions uniformly,' said Groves."We do need some guidance on how we should treat those transactions."
Humza Ahmad, a spokesperson for Mercedes-Benz Financial Services, the company that financed Taylor's leas, sent a statement indicating the policy for Mercedes-Benz dealerships is clear that no additional fees should be charged regardless of which dealership handles the lease buyout:
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
The United Flight 629 bombing and how Denver7 forever changed courtroom coverage in ColoradoJeff is an executive producer with the Denver7 Digital Team.
Weiterlesen »
Denver receives first batch of tiny homes as it looks to house 1,000 homeless by the end of the yearSam Peña is a multimedia journalist at Denver7 KMGH in Denver, Colorado.
Weiterlesen »
Proposition II: The other state ballot measure Colorado voters must decide on this NovemberBrandon Richard is a reporter for Denver7 in Denver, Colorado.
Weiterlesen »
Denver weather: What to expect in NovemberRobert Garrison is a Colorado native who grew up in Montrose and attended Colorado Mesa University in Grand Junction. He is an AP award-winning journalist who joined Denver7 in August 2016 after working for several other stations across Colorado and Oklahoma over the past decade.
Weiterlesen »
Denver metro liquor store owner shot during a break-in at OK Liquor on Parker Road Wednesday morningKatie joined the Denver7 team as a digital content producer in April of 2023.
Weiterlesen »