What most car buyers don't realize is that these add-on products are marked up significantly, often riddled with unnecessary coverage, and designed to boost dealership profits—not protect consumers. If you're purchasing a new or used vehicle here’s what you need to know to protect your wallet and your peace of mind.

In this article, we’ll break down what deficiency balances are, how they’re calculated, why they often seem so high, and, most importantly,

The Truth in Lending Act is a federal law that requires lenders to disclose the full cost of a loan to the borrower. The goal of TILA is to promote transparency and ensure that consumers can make informed decisions about borrowing money. In the context of auto loans, the TILA ensures that all critical information about the loan, such as the annual percentage rate (APR), loan term, and total cost of financing, is clearly stated.