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Published 6 years ago by Apolatia with 1 Comments

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  • drunkenninja (edited 6 years ago)
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    An informative comment posted below explains some key details that the journalist failed to include:

    There are facts omitted from this story for the reader to come to an informed and accurate conclusion.

    It appears that the original lease application, likely due to the young man's credit rating, was likely denied by KIA Finance, but approved by a contracted higher interest third party sub prime lender. The CBC reporter should had asked Dan Lallier for permission to view his finance documentation in his possession for clarification.

    It would be the third party sub prime lender that most likely installed the GPS disabling device to protect their business interests in providing loans to any high risk borrower.

    The KIA dealership sales person, nor any floor sales person, do not have the authority to disable a car with a remote kill switch from a cell phone, nor do they have in their possession such a device. After making the initial sales, the customer is moved on to the finance department. It is now in the hands of the finance representatives and lenders who overseer the conditions and implementation of the loans contract.

    As for the Sherbrooke KIA dealer refusing commentary with the CBC reporter. Dealerships, nor any business entity, are not permitted under Federal and Provincial privacy laws to discuss a borrower's personal finances for fear that they could be fined, or sued in court for violation of the young man's privacy. A Catch 22 situation for the auto dealer to publically defend itself before the media.

    The issue of the $200 fee, as likely conditioned in the original lease contract for removal of the disabling GPS device, should of been inclusive at time of buyout when the grandmother cleared the car loan. Probably overlooked, human error.

    However. Personal credit is a privilege, not a given right. Look after it, be mature and respect it.

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