Boyd v. Perry Automotive Group

As in Mosco, Mr. Boyd purchased a vehicle and was later informed that he would have to sign a new contract. He was never informed that he had the right to return the vehicle and have all his money refunded rather than sign a new contract. Furthermore, the new contract was backdated to the date of the original contract, thus charging him interest from the date of the old contract rather than the new date. As a result, the Annual Percentage Rate (“APR”) and finance charge disclosures were incorrect. This case was amended to a class action case and eventually ended in a settlement after the Court certified the case to proceed as a class. The dealership also claimed to have stopped the practice of backdating its contracts.