Can I Borrow [for] Your Car? Income, Race, and Automobile Debt in California

Blumenberg, Evelyn; Siddiq, Fariba; Speroni, Samuel; Wasserman, Jacob L

doi:10.1007/978-3-031-00148-2_2

Cited by 3 publications

(3 citation statements)

References 22 publications

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“…We found that non-Hispanic Black respondents are less likely to experience a negative financial impact (relative to non-Hispanic White respondents). This finding is surprising given rising auto debt in Black and Latino neighborhoods and discrimination in the auto markets (Blumenberg et al 2023;Ong and Stoll 2007). We also find that respondents 45 to 54 years old and 55 to 64 years old are less likely to experience a negative financial impact relative to respondents 25 to 34 years old.…”

Section: Assessing Car Purchasescontrasting

confidence: 68%

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In the driver’s seat: Pathways to automobile ownership for lower-income households in the United States

Klein

Basu

Smart

2023

Transportation Research Interdisciplinary Perspectives

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Section: Assessing Car Purchasescontrasting

confidence: 68%

“…These debt burdens are not distributed equally among the population. A recent study of California automobile lending finds that, over the past 15 years, auto loans and debt burden have grown in low-income, Latinx, and Black neighborhoods (Blumenberg et al 2023).…”

Section: Previous Research On Car Purchasingmentioning

confidence: 99%

In the driver’s seat: Pathways to automobile ownership for lower-income households in the United States

Klein

Basu

Smart

2023

Transportation Research Interdisciplinary Perspectives

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“…Americans are increasingly taking out larger and longer loans for car purchases, leading to increasing debt and risk for purchasers (Cross et al 2019). A recent study of California automobile lending finds that, over the past 15 years, auto loans and debt burden has grown in low-income, Latinx, and Black neighborhoods (Blumenberg et al 2023). The problem of rising automobile debt is compounded by predatory practices in the market.…”

Section: Previous Research On Car Purchasingmentioning

confidence: 99%

In the driver’s seat: Pathways to automobile ownership for lower-income households in the United States

Klein

Basu²,

Smart³

2022

Preprint

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We examine how lower-income households in the United States acquire automobiles. Although car ownership plays an important role in social and economic mobility in the U.S., transportation scholars know little about how households acquire cars. We use an online opt-in survey of adults from lower-income households to examine how and why they acquire cars, and the effects of these different pathways to car ownership on finances and quality of life.We identify five pathways to car ownership: buying a new car, buying a used car at a dealer, buying a used car from informal markets, receiving a car as a gift, and obtaining a car through a life-event (e.g., moving in with a car owner). The most common path is to acquire a used car from a dealer (38% of our sample), followed by acquiring a used car informally (24%), purchasing new (17%), receiving a car as a gift (15%), and via a move-in (5%). Respondents most often acquired a car for financial reasons and to increase accessibility. In contrast, the COVID-19 pandemic, life-events, and built environment factors played a smaller role.Respondents reported that acquiring a car had a positive effect on their lives. The overwhelming majority said the effect on their quality of life was positive and getting a car was worth it. However, almost half experienced some type of financial hardship related to owning and operating their car.

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A case for race and space in auto ownership modeling: A Los Angeles County study

Srisan,

Bills

2024

Transport Policy

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Can I Borrow [for] Your Car? Income, Race, and Automobile Debt in California

Cited by 3 publications

References 22 publications

In the driver’s seat: Pathways to automobile ownership for lower-income households in the United States

In the driver’s seat: Pathways to automobile ownership for lower-income households in the United States

In the driver’s seat: Pathways to automobile ownership for lower-income households in the United States

A case for race and space in auto ownership modeling: A Los Angeles County study

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