Consumer Reports on Avoiding Predatory Auto Repair Loans – MotorBiscuit | Car Plazas

Now is not a good time to buy a new or used car, but sometimes it is unavoidable. Some people may choose to have an auto repair done instead of buying a new vehicle. With that in mind, Consumer Reports wants people to be aware of predatory auto repair loans that could cause you to overpay.

Consumer Reports wants you to avoid predatory auto repair loans

Consumer Reports wants you to avoid predatory auto repair loans
An auto repair shop in Charleston, South Carolina | Brownie Harris/Corbis via Getty Images

Consumer Reports didn’t beat around the bush when it named names in a recent report. The stores listed are Jiffy Lube, AAMCO, Meineke, Big O Tires, Grease Monkey, Midas and Precision Tune Auto Care. The brands mentioned above are represented in most cities in the USA. Consumer organizations, including Consumer Reports, have found that some of these stores are charging customers up to 189% interest for basic car repairs.

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