Both of my kids are a decade away from even learning how to drive, but I can image a time when they’ll want to buy a vehicle of their own instead of borrowing an old jalopy from their dad
Ah, summer. It’s the time of lighter clothes, cold drinks, and warm temperatures. It’s my favorite time of the year, and I’d be willing to bet it’s yours too
Information asymmetry occurs when one party in a transaction has more or better information than the other. I can’t think of a situation where this imbalance of power is more often on display than when it comes to buying a car and getting a car loan.