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Subprime Auto Loans: Why You Should Avoid Them

Tuesday, August 23, 2016
John M. Vincent | U.S. News & World Report

“Subprime lending is inherently more expensive; it is not uncommon to see auto loan interest rates of between 25 to just shy of 30 percent,” says Chris Kukla, EVP of the Center for Responsible Lending. Unfortunately, that’s only part of the problem, as many extras are often packed on top of an inflated vehicle price.