H onda The US Department of Justice and the responsible consumer protection agency said that blacks, Asians and Hispanics had generally worse financing offers.
Higher interest rates have been demanded from the minorities. African Americans paid more than $ 250 more in interest than white buyers, Latinos paid a good $ 200 more and Asians paid more than $ 150 more.
The pronounced $ 25 million fine is divided into 24 million Dollars in compensation, one million dollars going to a minority financial advisory program. Honda has criticized the US Department of Justice's method of assessing funding offers, but backed the overseer's call for “fair funding”. With Honda, a provider of financing offers for car purchases has agreed to change its practices for the first time, underline the US authorities.