SPRINGFIELD, Mass. (WWLP) – State Attorney General Maura Healey announced on Tuesday she has sued a chain of auto dealerships for what she calls “predatory sales and loan practices.”
The AG is suing four J.D. Byrider locations in Massachusetts, including one on Boston Road in Springfield for their selling practices.
The AG accused the auto dealerships of selling defective vehicles using high cost loans.
The AG’s office is alleging that the company sells cars that are sometimes inoperable, and that “more than half of JD Byrider’s deals fail or end in repossession.”
The AG’s office said these loan practices cause serious and long lasting harm on consumer’s finances.
J.D. Byrider released the following statement to 22News:
“We are aware of the lawsuit filed by the Massachusetts attorney general and will be looking into the facts of this matter carefully. J.D. Byrider’s focus is to help people get on the road with a better car and the financing they need. We are committed to working with regulators to solve concerns and improve our business. As a company in business for more than 25 years, serving many customers across the nation, we work hard to set J.D. Byrider apart as an industry leader and will continue to do so.”