Our Finance Guide
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
Our Finance Guide
No Result
View All Result
Home Loans

Car Buyers Should Be Wary When Taking Out Loans, Says Consumer Reports Study

admin by admin
November 1, 2021
in Loans
0
Car Buyers Should Be Wary When Taking Out Loans, Says Consumer Reports Study

New-car prices are way up, of course, but that’s not the only reason why the average monthly payment for a new car today is almost $600, a 25 percent increase from what it was 10 years ago. The other reason is that there isn’t good oversight of lending practices. As Consumer Reports put it, the auto lending industry “operates in a regulatory morass,” and as a result, many consumers whose credit is just fine are finding themselves stuck with subprime loans at high interest rates.

CR’s lead example in its article about the research describes a borrower with “sterling credit” who bought a new 2018 Toyota Camry two years ago and will end up paying around $59,000 for it by the time the loan is paid off in 2025. While the average loan for a person with that buyer’s credit score was at 4.5 percent, the loan they got had a 19 percent APR.

Related articles

U.S. ready to help Mexico finance solar plans, Lopez Obrador says

These Are the Best Ways to Finance a Car Purchase in 2023

read more…………

 

admin

admin

Related Posts

U.S. ready to help Mexico finance solar plans, Lopez Obrador says

MEXICO CITY, Dec 20 (Reuters) - The United States is offering to help Mexico with loans to finance planned solar power stations in the northern state...

These Are the Best Ways to Finance a Car Purchase in 2023

Car financing is an important part of buying a vehicle and can be the difference between getting your ideal car and settling for something less. A...

As funds run dry, Idaho Housing and Finance will soon pause emergency rental assistance program

The Idaho Housing and Finance Association plans to pause applications for emergency rental assistance funds on Dec. 29 because federal funds are quickly running dry for...

Score Payday loans Relief into the Denver, Texas within the super easy

You can find forms of cash advance save one to Texas citizens can use to save money. Cash advance will appear to be what you want...

The Future of Insurance USA Returns in June 2023

Headwinds of change are ripping through insurance –inflation is causing a profitability crunch, customers are demanding digital perfection, and a scarcity of talent leaves the industry...

Next Post
Strong tech support could help sell Congress on global tax rules -Yellen

Strong tech support could help sell Congress on global tax rules -Yellen

The mistake I made while paying off $15,000 in credit card debt — and how to avoid it

The mistake I made while paying off $15,000 in credit card debt — and how to avoid it

Investing Basics: How To Invest In Global Stocks

Investing Basics: How To Invest In Global Stocks

No Result
View All Result

Subscribe Us

By clicking submit, I authorize Our Finance Guide and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in ourTerms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here.

RECOMMENDED

Will student loan forgiveness ever happen? What we know so far
Loans

Will student loan forgiveness ever happen? What we know so far

Biden team insists taxes won’t go up for most people
Tax

Biden team insists taxes won’t go up for most people

CATEGORIES

  • Credit Cards
  • Investing
  • Loans
  • Tax
  • Uncategorized

Subscribe Us

By clicking submit, I authorize Our Finance Guide and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in ourTerms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here.

© 2025 Our Finance Guide, All Rights Reserved.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe
  • Privacy Choices
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing

© 2025 Our Finance Guide, All Rights Reserved.

Skip to content
Open toolbar Accessibility Tools

Accessibility Tools

  • Increase TextIncrease Text
  • Decrease TextDecrease Text
  • GrayscaleGrayscale
  • High ContrastHigh Contrast
  • Negative ContrastNegative Contrast
  • Light BackgroundLight Background
  • Links UnderlineLinks Underline
  • Readable FontReadable Font
  • Reset Reset