CFPB Unveils New Know Before You Owe Auto Loans Shopping Sheet

CFPB Unveils New Know Before You Owe Auto Loans Shopping Sheet

Online Guide and Shopping Sheet Help Consumers Evaluate Costs and Shop for Auto Loans

Washington, D.C. – Today the Consumer Financial Protection Bureau (CFPB) is unveiling an “auto loan shopping sheet,” a step-by-step guide, and additional online resources as part of a new Know Before You Owe initiative aimed at helping consumers shop for an auto loan. The shopping sheet helps consumers see the total cost of a loan and make apples-to-apples comparisons among loan products. The Know Before You Owe auto loan initiative also walks consumers through each step of the auto finance process to help them decide how much they can afford to borrow and what options are right for them. (more…)