Driving a Hard Bargain: Improving the Auto Market for Latino Families

Author:	Nancy Wilberg Ricks
Contact:	Graciela Aponte
Date:	Nov 23, 2009
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Topic:	Community and Family Wealth-Building

Summary

Cars have become a necessity rather than a luxury for most Hispanic families. Vehicles help meet basic needs such as transporting children to daycare, bargain shopping for groceries, and commuting to work. Despite the important role cars play in household financial security, the auto finance system is fraught with deception and debt traps.