High School Student in Yilan Wants to Buy a Motorcycle! Father Angered as Student Acquires 0 Down Payment with Debt of NT$100,000

Reported about 1 year ago

A high school student in Yilan wanted to buy a motorcycle but faced age restrictions. When he turned 18 this year, he followed the advice of a dealer to use a '0 down payment' scheme to acquire a motorcycle, resulting in him accumulating over NT$100,000 in debt. The student's father criticized the dealer for 'inducing excessive consumption,' but the Yilan County Government's consumer protection official stated that the contract was signed by a fully capable adult in a fair transaction. Despite being legal, the situation raised concerns about young adults having limited financial capabilities and being led into substantial debt at a young age.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis