Why This Could Be a Great Year to Buy a Used Car

Auto Loans

Why This Could Be a Great Year to Buy a Used Car

Why This Could Be a Great Year to Buy a Used Car

America’s new love affair with auto leasing offers some unexpected good news to drivers looking for used car bargains. A coming glut of end-of-lease cars will dump millions of used cars on the market in the next year or two, almost certainly lowering prices on relatively low-mileage, late-model cars with most modern amenities. Leasing exploded... Read More

Is There Trouble Brewing in the Car Loan Market?

Auto Loans

Is There Trouble Brewing in the Car Loan Market?

Is There Trouble Brewing in the Car Loan Market?

The U.S. auto industry, which keep setting sales records, is a real bright spot in the otherwise murky U.S. economy. But there are increasing worries that it’s been supercharged by risky loans to consumers with poor credit. New data released this week shows that growth in sales, and the size of loans, show no signs... Read More

Some White Borrowers May Get Refunds in a Racial Discrimination Settlement. Here’s Why.

Auto Loans

Some White Borrowers May Get Refunds in a Racial Discrimination Settlement. Here’s Why.

Some White Borrowers May Get Refunds in a Racial Discrimination Settlement. Here’s Why.

Even under normal circumstances, racial discrimination can be hard to spot. Identifying discrimination in car purchases and loans is particularly challenging, however – auto dealers don’t have to log the ethnicity of borrowers, and car loan terms are often bargained as part of a complex transaction.  Still, the Consumer Financial Protection Bureau promised to be... Read More

Are You Ready to Buy Your First Car?

Auto Loans

Are You Ready to Buy Your First Car?

Are You Ready to Buy Your First Car?

When I lived in Washington, D.C., right after college, I was the only one of five roommates who had a car. The townhouse we rented was just three blocks from a Metro station which meant that for most of us, it wasn’t necessary. But when my employer moved to the Virginia suburbs, I had no... Read More

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