• Russell Posted: 7/29/2010 6:05pm PDT

    Most of the time its not the dealers that are making the loans. They use outside banks and credit unions that may charge high lending fees that are passed on to the consumer. Some finance companies charge as much as 25% of the amount financed as a fee to the dealership to finance the car. That fee is in turn passed on to the customer. So the car that should have been sod for $10,000 is now sold for $12,500.

  • Luna Posted: 6/28/2010 6:33am PDT

    The area of dealerships that needs attention is service-that's where consumers really need to watch getting ripped off.

  • Gomez Go Posted: 6/27/2010 1:38am PDT

    In a perfect world people would behave sensibly and you wouldn't need regulation, but in case you haven't noticed - we do not live in a perfect world, not at all...

  • Eric Berlin Posted: 6/25/2010 6:08pm PDT

    Ideally there's a balance in there in having some regulation of predatory lenders and giving people the opportunity to finance a car they can reasonable afford.

  • Edward Posted: 6/25/2010 2:49pm PDT

    So is there any real logic to the bill, or is it just that bankers need to be publicly spanked and car dealers already look put-out?

  • jim byker Posted: 6/25/2010 2:30pm PDT

    Where is the dealer from the photo live?
    I know a girl here that would love to pay him a visit. She need a new Ford Fiesta...

  • rahm Posted: 6/25/2010 2:27pm PDT

    Because auto dealers aren't as sleazy as mortgage brokers?