Think getting your car loan set up by the selling dealer is a good deal? You better think again.
The Center for Responsible Lending has a terrific (and short) Car Loan Quiz that will shock you about just how much money consumer car buyers lose to car dealers who set up the financing for their customers.
No matter what your score is on the Car Loan Ripoff Quiz, your eyes will be opened.
Take the quiz by clicking here.
You can get more advice about cars, secret warranties, buying and leasing tips, and much, much more, by clicking here.
The Center also has a free online Car Loan Calculator that can help you avoid being overcharged. Click here.
The moral of the story is simple. When you visit a car dealer, hold on tight to your wallet so you don't waste your money.
ABOUT THE AUTHOR
Known nationwide as a leading Lemon Law attorney, Ronald L. Burdge has represented literally thousands of consumers in "lemon" lawsuits and actively co-counsels and coaches other Consumer Law attorneys. From 2005 through 2018, attorney Ronald L. Burdge has been named as the only Lemon Law Ohio Super Lawyer by Law and Politics magazine and Thomson Reuters Corp., Professional Division. Burdge restricts his practice to Lemon Law and Consumer Law cases. The Ohio Super Lawyer results are published annually in the January issue of Cincinnati Magazine. Ronald L. Burdge was named Consumer Law Trial Lawyer of the Year 2004 by the National Association of Consumer Advocates, the nation's largest organization of consumer law private and government attorneys. "Your impact on the auto industry has been magnified many times over because of the trail you blazed for others," stated NACA's Executive Director, Will Ogburn. Burdge has represented thousands of consumers in Ohio, Kentucky and elsewhere since 1978 and is a frequent lecturer to national, state and local Bar Associations and Judicial organizations. Burdge is admitted to Ohio's state and federal courts, Kentucky's state courts, and Indiana's federal courts. Other court admissions are on a "pro hac" temporary, case by cases basis.