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Processes: BGH examines auto loan agreements


TIME ONLINE | News, backgrounds and debates

Karlsruhe (dpa) - Many owners of an older diesel would like to get rid of his car because of the scandal around manipulated exhaust emissions. Whether a loan agreement can be a lever, is today at the Federal Court in Karlsruhe on the test. It is about the same content formulations in credit agreements of the BMW Bank and the Ford Bank for used car purchases. The plaintiffs had revoked the contracts, relying on what they considered to be inadequate wording, such as the right of revocation. They are also no longer bound by the purchase contracts for their cars.

Source: zeit

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