New CFPB report reveals auto buyers take bigger risks with negative equity

New CFPB report reveals auto buyers with negative equity take bigger risks πŸš—πŸ’Έ #CFPB #AutoBuyers

The average car dealership customer with negative equity had a lower credit score, accepted a longer loan term and was more likely to bring a co-signer compared with other vehicle shoppers.

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https://www.autonews.com/finance-insurance/cfpb-what-2018-22-car-loans-negative-equity-were