A consumer’s race or ethnicity can impact:
• The cost of financing a car;
• The price of 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 cost to insure a car; and
• The likelihood that civil fines or penalties will lead to suspensions of a driver’s license.
Time to Stop Racing Cars: The Role of Race and Ethnicity in Buying and Using a Car
April 15, 2019For 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.
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