Making Low-Interest Auto Loans Work

By Lisa Margonelli

David Bornstein and Tina Rosenberg are on vacation.

Last week I wrote about the New England-based program More Than Wheels, which helps people get low-interest loans on new or good used cars, and allows them to save money on repairs, gas and financing. Most of the commenters — especially those who live in rural areas — liked the idea of the program, but there were a few persistent questions and issues:

Are cars necessary?
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