Interest Rate Hike Expected to Have Minimal Impact on Auto Loans | Edmunds.com

Edmunds.com

Interest Rate Hike Expected to Have Minimal Impact on Auto Loans | Edmunds.com

America's first interest rate hike in nearly a decade is not expected to put the brakes on auto loans, according to Edmunds.com.

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sonny28

Also thought I'd note, you don't need to always depend on the dealership to provide financing. Feel free to opt for the extra cash or rebate if available, and then line up your own financing. Credit Unions readily have low rates available (under 2%). Interest rates are very important, especially if one tends to make use of a longer financing term. Hear what the dealer's finance team has to offer. If it doesn't seem reasonable, you always have the alternate means of acquiring more suitable financing.

Caution: The finance guy at the dealer may not like you for this.

* I used to be a car salesman.