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One of the most significant purchases for any household is their car. While car prices are transparent and easily negotiable, financing deals are not. Dealers typically mark up financing offers to earn additional revenue.  Lawmakers need to ban mark ups on auto financing and save consumers hundreds of dollars.  Jonathan Gruber, Ph.D, is a professor of Economics at MIT. Tobias Salz is an Assistant Professor at the MIT Economics Department and a Faculty Research Fellow at the NBER. This is an opinion column. The thoughts expressed are those of the authors.  The COVID-19 pandemic has had a devastating impact on the US economy. Since early March, the country has lost 9,839,000 jobs. The unemployment rate peaked in April at 14.8%, the highest rate since the Great Depression, and as of January remains at 6.3%, the highest level since March 2014. 

United statesUnited kingdomJonathan gruberTobias salzFaculty researchEconomics departmentFinancial conduct authorityAssistant professorFaculty research fellowGreat depressionBi commentaryCar financeCovid reliefAuto salesஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்