Financing Disclosure - Sale of Used Car - New York City (Korean)

This is a legal document that was released by the New York City Department of Consumer and Worker Protection - a government authority operating within New York City.

The document is provided in Korean.

FAQ

Q: What is a financing disclosure?
A: A financing disclosure is a document that provides information about the financing terms for the purchase of a used car.

Q: What is the purpose of a financing disclosure?
A: The purpose of a financing disclosure is to make sure the buyer is fully informed about the terms and conditions of the financing agreement.

Q: What information does a financing disclosure contain?
A: A financing disclosure typically contains information about the purchase price, interest rate, loan term, monthly payments, and any additional fees or charges.

Q: Why is a financing disclosure important?
A: A financing disclosure is important because it helps the buyer understand the total cost of financing and any potential risks or obligations.

Q: Is a financing disclosure required when buying a used car in New York City?
A: Yes, a financing disclosure is required by law when buying a used car in New York City.

Q: Is a financing disclosure available in languages other than English?
A: Yes, the financing disclosure may be available in languages other than English, such as Korean, to ensure that buyers can fully understand the terms and conditions.