The CFPB recently fined a “buy here, pay here” car dealer for abusive financing schemes, hiding auto finance charges and misleading consumers.
Americans are leasing cars and taking out new car loans at a record pace, according to the latest data from Experian Automotive.
The gap between the monthly payments for new and used cars is at the widest level on record, according to Experian Automotive.
Used car prices have risen to a record high, according to an Edmunds.com analysis, but the higher prices aren’t necessarily bad news.
The National Insurance Crime Bureau has warned that cars damaged in the recent Texas and Midwestern floods are likely to be sold to unsuspecting car buyers.
While prices of used cars are higher on average, some used car prices are actually on the decline, according to Edmunds.com.
The average number of miles logged annually per car within a household is the most in a two-car home, where the average car travels 11,800 miles, and 36 percent of households have two cars.
The Federal Trade Commission has taken one step closer to changing its rules for used car sales to further protect consumers.
Payments for used car loans are on the rise, while loans to credit-challenged car buyers are not being given as freely.
Think twice before using your tax refund to buy a car — at least for the short term.