False advertising: cars with zero interest are more expensive than expected
This article was translated by an automatic translation system, and was therefore not reviewed by people.
By: Roberta de Matos Vilas Boas
SAO PAULO - If you have been attracted by the campaign of some automakers offer cars financed with zero interest, stay tuned! The total will not be the same as cash payment. According to a survey indicated the Consumers Association Test Pro, businesses are not clear in providing information and induce consumers to error, making him believe that the funding is effortless.
We examined the sites of nine automakers, and found four models, two automakers offered with interest-free financing. None of them fulfilled the determination to announce the CET (Total Effective Cost) of funding in a clear and correct, as required by law in force for over a year.
Errors of automakers
Of the four vehicles found in these conditions, three were the Citroën and Peugeot. The first automaker announces the final value of the division, however, according to the Pro Test, it does not include all costs, such as the TAC rate (Opening Credit). Moreover, the value appears in a footnote small and difficult to read.
Since Peugeot does not inform either the CET or the TAC. The organization points out that, in addition to TAC and interest, funding also has a collection of the IOF (Tax on Financial Operations).
Still considering offers for Citroen Pro test simulation has financed the purchase of a C4 Pallas Flex, one of the models with "zero interest" whose CET funding would be 9.3% per year, according to the automaker. However, it was found that the CET was 15.49% per annum, in addition to TAC of $ 888.
The company also committed the offense of tying, as it affects the interest rate to zero license plate made in the store, with a cost of $ 690. But this service can be made directly by the consumer Detran (State Department of Transit) at half the value.
Since the simulation of the financing of the Peugeot 207, was found a CET of 15.55% per annum. The automaker does not report the conditions of the financing with zero interest in your site.
What to do?
According to the Pro Test, the product was offered with a CET of 9.36% as in the case of the Citroën, the consumer can claim that this is the real cost of financing, even if that trigger the law. To help in the negotiation, it should save all that you have advertisements and print what is on their website.
Source: InfoMoney
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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