Beaudreau v. Larry Hill Pontiac

Patrick Beaudreau (plaintiff) bought a car from Larry Hill Pontiac (defendant), which arranged his financing and told him the rate would be 13.5 percent. Beaudreau later learned the lender had actually quoted Pontiac only 11.25 percent, and Pontiac pocketed the 2.25-point difference as a "dealer reserve" without telling him. Beaudreau sued under the Tennessee Consumer Protection Act (TCPA) for failing to disclose the markup. The trial court dismissed for failure to state a claim, and Beaudreau appealed.