40% of car deals before 2021 are thought to have inflated interest. The basis for said inflation is undisclosed commissions.

This means that nearly half of all car deals that were made before the year 2021 have interest rates that may have been unnaturally high. The reason behind this inflation is something that is not often talked about – hidden commissions. In simple terms, these are extra fees that are added onto the cost of your car loan without you necessarily knowing about it.

Depending on how much money you borrowed for your car, and how much the interest rate on your loan was inflated, these hidden commissions could have led you to pay much more than you should have.