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Article: Florida accuses Ford Credit of cheating customers.
- Article from:
- Knight Ridder/Tribune News Service
- Article date:
- November 23, 1998
- Author:
CopyrightCOPYRIGHT 1998 Knight-Ridder/Tribune News Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DETROIT _ Ford Credit not only may have known about it, but may have helped its dealerships cheat customers out of money when they terminated their auto leases early, the Florida attorney general charges.
Florida's investigation of Ford Credit has prompted 21 other states to look into the leasing practices of the financing arm of the world's second-largest automaker.
Michigan is not participating in the investigation but is taking another look, said Stanley Pruss of the Michigan Attorney General's Office.
The practice under investigation is referred to as ``payoff packing.'' Dealers inflate the amount consumers must pay if they want to ...