I believe everyone who has a drivers license should have the chance to own their own reliable vehicle, whether it be new or used. A lot of people fall into predatory loans due to desperation of needing a vehicle to commute to work!
There should be a cap to the apr on car loans/ monthly payment. I truly do believe vehicle prices are outrageous at the moment, and even people who have the means to make vehicle payments are struggling with how ridiculously high some of these payments are. I believe car loans should be approved based on income and payment history. Not everyone has a co-signer or established credit.
There should also be a cap on used car prices, the year and miles of the vehicle obviously can be taken into consideration. But there is absolutely no reason a 15 year old vehicle with 200,000 miles is being sold for more than $5,000!
I hope this all made sense! 