The Devastating Loophole That Sticks Car Buyers With Interest Rates That Would Be Otherwise Illegal

On June 19, 2015, Bronx resident Carlos Guerrero-Roa went to an auto dealer in Brooklyn to purchase a 2005 Lexus RX that was being advertised online for $6,900. Guerrero-Roa left with the car that day, only after it was financed with a loan that, according to a lawsuit he later filed, carried an interest rate “well…

The Most Harrowing Thing I Regularly Experience Is Parking My Car On The Streets Of NYC

Pictured above is my car, a 2008 Honda Fit Sport, parked snugly Wednesday on my street in Sunnyside, Queens. I was lucky to find that spot—just 100 feet from my door—and the rules for that side of the street meant it could stay there until Monday. All of which was great, until road crews showed up Thursday morning,…