CFPB Releases Consumer Resources and Guide on Auto Loans

auto loan.jpgThe Consumer Financial Protection Bureau (CFPB) released an auto loan shopping sheet, a step-by-step guide, and additional online resources as part of the Know Before You Owe initiative.

The auto loan shopping sheet will help consumers see the total cost of a loan, and make comparisons among loan products. The step-by-step guide will help consumers budget for the auto loan, understand auto financing choices, how to shop for an auto loan, how to negotiate the loan, and close the deal. The online resources and guide give consumers helpful tips so they can better negotiate the best deal possible.

The CFPB also released Consumer Voices on Automobile Financing, a report which analyzed how consumers approached their auto financing decision and challenges faced during the process.


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