April 15, 2019 — Report

For many in America, a car provides not only physical mobility but also economic mobility. Yet for years, studies have shown that the costs of buying, financing, and using a car can vary based on race or ethnicity.

A consumer’s race or ethnicity can impact:

  • How much it costs to finance a car;
  • How much a consumer is charged for the car itself;
  • How much a consumer is charged for add-on products sold with the car;
  • The ability of consumers to successfully negotiate for better terms;
  • The rates paid to insure a car; and
  • The likelihood that civil fines or penalties will lead to suspensions of a driver’s license.