Holland v. C. T. Doan Buick Co.

Oarleton Harris, Chief Justice.

This appeal relates to whether a contract for the sale of an automobile was usurious. On September 11, 1955, Ode Holland, appellant herein, purchased from appellee a used Buick for the sum of $400. As down payment, he traded in a Hudson automobile for which he was allowed $100. Fire, theft, and other car insurance amounted to $46.10; interest on the $346.10 was figured as $19.78. This totaled $365.88, which was to be paid in forty-eight weekly payments . . . forty-seven at $7.62, and the final payment at $7.74, with the first weekly payment due September 17,…