The Modern Shift Podcast

Immigrant Auto Buying and Financial Protection


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This episode offer comprehensive advice and warnings regarding auto financing and consumer protection, specifically focusing on immigrant populations in the United States. Several sources provide step-by-step guides for car buying, including how to obtain a driver's license, secure loans from immigrant-friendly lenders, and acquire auto insurance, noting the common challenges faced by non-citizens. Other materials detail the predatory lending practices within the auto industry, such as the discriminatory dealer markups disproportionately affecting Latino consumers, and the harmful "yo-yo financing" tactic that misrepresents a deal's finality. Furthermore, official government documents and consumer advocacy groups offer detailed tips for avoiding scams related to immigration assistance, employment agencies, tax preparation, and general finances, emphasizing the importance of securing written contracts and understanding the difference between legal professionals and assistance providers.

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The Modern Shift PodcastBy abdelhamid bou ikhessayen