spencer pratt’s latest move could cost you hundreds on your next car loan—here’s why you’re paying more
If you thought your car insurance was expensive, wait until you see what spencer pratt is about to do to your monthly payments. The HGTV star and real estate mogul just revealed a new partnership with a major auto financing company that experts say will quietly jack up interest rates for average buyers. Pratt, known for flipping houses on “Flip or Flop,” is now leveraging his massive social media following to promote “zero-down” car loans that actually come with hidden fees and balloon payments. Consumer advocates are furious, warning that while Pratt pockets millions in endorsements, you’ll be stuck with a five-year loan that costs 20% more than a standard bank offer. “This is a classic bait-and-switch,” says auto finance analyst Lisa Turner. “Pratt’s fans trust him, but this deal is designed to profit off their loyalty. Check your credit union before signing anything—or you could be paying an extra $3,000 over the life of the loan.” The trend is already spreading, with similar influencer-backed deals popping up. Your wallet’s only defense? Read the fine print and never trust a star with your signature.