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Auto loans and dealer fraud up in 2023

Report: 10% of Car Dealers Commit Loan Fraud Study Says

A recent study by a respected risk management company to auto lenders found that 10% of car dealerships commit loan fraud. It can take different forms both on the dealer and buyer sides. But with the rise of early payment defaults, those car loans that default in the first six months from origination, there is …
Car shopping: Empty desk at car dealership with Jeep in background

Why So Many Car Shoppers Lose the Negotiation Game at Car Dealerships

Getting behind the wheel of your brand-new car is an exhilarating experience. Navigating the sales process and negotiating a good deal, on the other hand, is something that most people dread. There are a lot of unscrupulous car dealerships that prey on people’s emotions and lack of knowledge for the sake of making a buck. Understanding the car buying …

Do Dealers Make More of a Profit When You Lease a Car?

Leasing a car is always more attractive to a customer than financing mainly due to the appeal of having lower monthly payments. Leasing also typically means that a customer can afford much more of a car than they originally bargained for, so at the end of the day, it’s a win-win situation as they will …
Best time to sell your car

Can You Really Return the Car You Just Bought?

Buyer’s remorse can be tough when it comes to a large purchase you just made, but it’s an even bigger pain if that large purchase happens to be a car. After all, clothing and electronic stores let you return their products and you can even cancel a gym membership when you finally realize you’ll never …