Buying a Car When Interest Rates Are High | Edmunds Member, Administrator, Moderator Posts: 10,315
edited November 2019 in General

imageBuying a Car When Interest Rates Are High | Edmunds

New-car loan interest rates are the highest they've been since 2009. This touches all car buyers, but it's particularly bad for people with bad credit. Here's how to minimize the impact of higher interest rates when you're car shopping.

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  • TitleLoanscTitleLoansc Member Posts: 6
    Hello Ronald Montoya,

    Thanks for sharing informative post!!

    High-interest rates are typically something higher than the national average, however, this figure will vary widely.

    The Big Mistake a lot of automobile buyers are creating.

    Higher Interest Rates: The longer you finance an automobile, a lot of interest you will pay on that. Not simply because you will be accruing interest and paying it off over an extended amount, however as a result of you will even be charged the next rate for the loan.
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