A historic number of Americans are behind on their auto loans. New car payments are costing people as much as rent used to cost — $750 a month on average.
More Perfect Union‘s Sam Black talked to John Van Alst, senior attorney at the National Consumer Law Center for their investigation into auto lenders and found companies making billions even as they set customers up to fail.
“They [auto dealers] are setting themselves up for success even though they might be setting the consumer up for failure,” said John Van Alst, senior attorney at NCLC.
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