Interested in buying a new car? Wondering if now is a good time, or curious to learn more about how the COVID-19 coronavirus outbreak is affecting auto loans and car dealers? Let’s take a look now.
Will bad credit auto loans drive us into the next recession?
If the thought of buying a car makes you cringe, you will be happy to know that the average interest rate for auto loans decreased for the third month in a row in December 2019.
Over the past few years, more and more Americans have been purchasing cars with higher car loan rates. We’re now seeing vehicle financing become much more expensive, as we saw during the housing bubble years back.
Need to Sell Your Car But Stuck in a Loan? Don’t Stress. Read Our Breakdown on How You Can Sell Your Car (Even If You Still Owe On it).