Consumers Alleging Company Uses Questionable Tactics When Buying Back Vehicles
DALLAS (May 16, 2016) – The national law firm of Baron & Budd is now accepting cases from consumers who participated in the “SmartLease” automotive lease program offered by Ally Financial Inc., formerly GMAC. Many consumers are claiming the company is violating the Federal Consumer Leasing Act by charging hidden fees when customers want to purchase their vehicle at the end of the lease.
When a customer signs the company’s SmartLease agreement, he or she can purchase the vehicle at the end of the lease for a set price, in addition to official fees and taxes. These taxes include registration, title, license, inspection and testing fees. However, many consumers report that Ally is violating the terms of the agreement by charging additional fees that are commonly in excess of $1,000.
Once consumers wish to purchase their vehicles at the end of the lease, Ally, they allege, will typically refuse to sell the vehicle at the price set forth in the lease agreement. Instead, consumers claim, the company will force them to buy the vehicle for a higher price through a dealership, adding fees that were not previously disclosed in the agreement. These include charges such as dealer and document preparation fees. Many of these unhappy customers are planning to file a Smartlease lawsuit.
“Ally Financial is alleged to have committed a violation of the Federal Consumer Leasing Act by not living up to the agreement it makes with its automotive leasing customers,” said Roland Tellis, head of the Consumer Class Action group at the national law firm of Baron & Budd. “Our firm has the resources, experience and knowledge to protect the rights of consumers who feel they were taken advantage of by the company.”
If you participated in the Ally Financial SmartLease automotive leasing program and believe you were overcharged when attempting to purchase your vehicle at the end of the lease, Baron & Budd may be able to help. Please call "press" to learn more about your potential legal options.
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The law firm of Baron & Budd, P.C., with offices in Dallas, Baton Rouge, New Orleans, Austin and Los Angeles, is a nationally recognized law firm with a nearly 40-year history of "Protecting What’s Right" for people, communities and businesses harmed by negligence. Baron & Budd’s size and resources enable the firm to take on large and complex cases. The firm represents individuals and government and business entities in areas as diverse as dangerous pharmaceuticals and medical devices, environmental contamination, the Gulf oil spill, financial fraud, overtime violations, deceptive advertising, automotive defects, trucking accidents, nursing home abuse, and asbestos-related illnesses such as mesothelioma.