Auto Sales & Finance

Auto Financing

Most consumers finance their car at the dealership. Dealers now often make as much or more profit from financing and add-on products as they do from selling cars. Financing the car purchase makes consumers vulnerable to a host of abuses including interest rate mark-ups, financing costs hidden in the price of the vehicle, sky-high financing costs, and putting people into car financing they cannot afford. NCLC works to bring fairness and transparency to car financing.

Broad Coalition of 104 Organizations Tell Congress to Support FTC CARS Rule

April 10, 2024

The Rule will bring some long overdue relief to car buyers who are tired of dishonest pricing, and will pave a path for the FTC to pursue future rulemakings to regulate car dealers.

Read More about: Broad Coalition of 104 Organizations Tell Congress to Support FTC CARS Rule
March 25, 2024
December 12, 2023

Recent

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2025 Consumer Protection Federal Priorities

October 21, 2024

The New York Times: What to Do if You Fall Behind on Auto Loan Payments

October 11, 2024

ProPublica: What No One Tells You About Car Loan Deferments

September 12, 2024

Amicus Brief: Ochoa v. Ford Motor Company

May 6, 2024

Broad Coalition of 104 Organizations Tell Congress to Support FTC CARS Rule

April 10, 2024

Consumer Group Comments Urging CFPB to Continue and Expand its Auto Data Collection Project

March 25, 2024

Consumer Advocates Applaud FTC for Moving Forward with CARS Rule

December 12, 2023

Los Angeles Times: Why all Latino wealth is not equal

July 19, 2023

Consumer Advocates Applaud Members of Congress for Supporting FTC Auto Dealer Rule

June 22, 2023

Comments & Letters

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Consumer Group Comments Urging CFPB to Continue and Expand its Auto Data Collection Project

March 25, 2024

Coalition Comments to CFPB  Regarding Collection of Data from the Auto Finance Market

December 19, 2022

Consumer Groups Comments to the CFPB Regarding the Need for Additional Auto Finance Data

December 19, 2022

Comments to the FTC Addressing Auto Sale Add-ons, Price and Financing Disclosures, Yo-Yo sales, and More

September 12, 2022

Group Letter to the FTC Addressing Auto Sale Add-ons, Price and Financing Disclosures, Yo-yo sales, and More

September 12, 2022

Group Letter to the Colorado Motor Vehicle Dealer Board

January 23, 2019

Group Comments to the CFPB Regarding Defining Larger Participants in Auto Financing

December 8, 2014

Group Comments to the FTC Opposing its Used Car Rule

March 12, 2013

Group Comments to the Federal Trade Commission on the Magnuson-Moss Warranty Act Review on Auto Warranties and Defects

October 24, 2011

Reports

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Time to Stop Racing Cars: The Role of Race and Ethnicity in Buying and Using a Car

April 15, 2019

Auto Add-Ons Add Up: How Dealer Discretion Drives Excessive, Arbitrary, and Discriminatory Pricing

October 1, 2017

Repo Madness: How Automobile Repossessions Endanger Owners, Agents, & the Public

March 1, 2010

Issue Briefs

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2025 Consumer Protection Federal Priorities

October 21, 2024

New Ways to Understand the Impact of Auto Finance on Low-Income Families

May 1, 2016

Testimony

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Memorandum of Support for NY Consumer Debt Uniformity Act (S.5546/ A.57A)

May 21, 2025

Written Testimony to Maine Legislature Joint Standing Committee on Taxation in Support of LD 1901

May 14, 2025

Manufactured Housing Testimony Before House Financial Services Committee

May 14, 2025

Testimony in Support of Rhode Island H 6055 on Interest and Usury

April 24, 2025

Testimony Supporting Bill to End Colorado’s Practice of Charging Medical Copays to People in Prison

April 23, 2025

Testimony Opposing Maryland HB 1294 Earned Wage Access

March 21, 2025

Testimony in Support of New Mexico S.B. 267, a Bill Regulating Certain Rental Housing Junk Fees

March 7, 2025

Testimony in Support of Oregon H.B. 2967, a Bill That Would Prohibit Rental Application Fees

February 19, 2025

Testimony Against Washington State HESA Bill HB 1464

February 14, 2025

Press Releases & News

View All for Press Releases & News
The New York Times: What to Do if You Fall Behind on Auto Loan Payments

October 11, 2024

ProPublica: What No One Tells You About Car Loan Deferments

September 12, 2024

Broad Coalition of 104 Organizations Tell Congress to Support FTC CARS Rule

April 10, 2024

Consumer Advocates Applaud FTC for Moving Forward with CARS Rule

December 12, 2023

Los Angeles Times: Why all Latino wealth is not equal

July 19, 2023

Consumer Advocates Applaud Members of Congress for Supporting FTC Auto Dealer Rule

June 22, 2023

NBC News: “With car repossessions and home foreclosures rising, some Americans are living on a financial cliff”

April 29, 2023

NBC News: “The cost of owning a car keeps rising, but a price drop could be on the horizon”

April 8, 2023

NPR: “Even after you think you bought a car, dealerships can ‘yo-yo’ you and take it back”

February 4, 2023

From the NCLC Digital Library

Automobile Fraud

NCLC’s treatise on odometer tampering, lemon laundering, and concealment of salvage or other adverse history. Winning investigation and litigation techniques for obtaining punitive damages, rescission, treble damages, or $10,000 statutory damages, and attorney fees.

Read Chapter One

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