What is Auto Loan Markup Scam?

According to some researches auto loan markup scam costs consumers as much as an estimated one billion dollars a year.

This scam happens when the car dealer adds points to your auto loan based on what is in your credit rating. Those points are then kicked back to the car dealer from the lender.

This is an industry wide practice that can easily add $1000.00 or more to the cost of your vehicle and cost many thousands more over the life of your loan.