Auto Loans Consumer Fact Sheet on Predatory Auto Lending
Auto Loans - Predatory Auto Lending - What is It?
Predatory auto lending is the practice of charging consumers excessively high interest rates for auto loans.
Auto Loans - Predatory Auto Lending - Who is Doing It and Why?
Some car dealers may enter into agreements with lenders, to charge you a much higher interest rate than you could get by shopping around. This higher interest rate is known as a dealer �markup�, which allows dealers and lenders to profit at your expense. The more interest you pay, the more profit the dealer makes.
