>I think most people know what they are getting into but now they have the opportunity to drive a new car they would never have been able to afford otherwise an

>I think most people know what they are getting into but now they have the opportunity to drive a new car they would never have been able to afford otherwise any concerns are put to the back of their mind. You can't make this argument when people have a commission based incentive to sell cars. As demonstrated in the article, even MBA students have trouble choosing the cheapest mortgage. Having a mixed structure like this, its no wonder that the author calls for > What auto finance needs — what most consumer finance needs — is for key information to be made simple and salient. Competition cannot work if consumers struggle to understand what they’re being sold and what it will cost. The car market’s heady mix of prestige products and bewildering finance will resist efforts at reform. And finally, its not a secret that most consumers don't know what they are getting into, or what their rights and recourses are.