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.

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Answered on 12/19/07, 2:24 pm


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