Legal Question in Consumer Law in North Carolina
i bought a car for $9495 and the interest rate is 19.81% is this illegal?
Asked on 7/30/16, 10:41 am
1 Answer from Attorneys
John O'Neal
O'Neal Law Office
Generally, the legality of an interest rate of an interest rate for a car loan in NC is tied to the age of the vehicle at the time of sale. What year is the car and when was it purchased?
Answered on 8/04/16, 5:03 am
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