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Vehicle Financing

Auto Financing While Black or Brown at Dealership Bronx Honda Leads to $1.5 Million to Settle FTC Charges They Discriminated

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New York City car dealer Bronx Honda and its general manager, Carlo Fittanto, will pay $1.5 million to settle Federal Trade Commission charges they discriminated against African-American and Hispanic car buyers and engaged in numerous other illegal business practices. According to the FTC’s complaint, the defendants told sales people to charge higher financing markups and …

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I Don’t Give a Damn About My Credit, Said Almost No Car Buyer

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The credit report folks, Experian have released data which surprised even me. There are whole camps of people out there, typically Dave Ramsey fans, who say they don’t need credit and don’t plan to ever use credit again. But according to Experian, 84% of people who purchase new vehicles actually do use credit. Credit avoiders …

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