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

We Bought a Car & My Wife Lost Her Job. Now What?

Auto Loans

We Bought a Car & My Wife Lost Her Job. Now What?

We Bought a Car & My Wife Lost Her Job. Now What?

A reader reached out to us recently with a question that is the stuff of nightmares: I bought my car last Wednesday brand new. I find out today my wife was getting furloughed and we won’t be able to afford the note, what options do I have? When your financial resources change for the worse,... Read More

Tired of Sketchy Car Dealers? Here Are 5 Alternatives

Auto Loans

Tired of Sketchy Car Dealers? Here Are 5 Alternatives

Tired of Sketchy Car Dealers? Here Are 5 Alternatives

Getting a new car is fun — it’s the whole shopping-for-and-buying-one thing that tends to be stressful and generally unenjoyable. The vast majority of consumers hate negotiating, according to a 2014 survey from Edmunds.com, and that attitude is far more common among younger shoppers, as well. Car owners and shoppers hate haggling so much, 21%... Read More

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