I have two cars. An Audi and Tesla. Each one is about 1K per month. The Audi is an A5 and the Tesla is a Model 3.
Both have interest rates below 3%. Neither is that “high” end of car.
It’s the mortgage and other loan interest rates that I’m meaning to allude to here. People facing a 30% increase in mortgages or rent might find that shelling out for that expensive car, it’s maintenance and operation isn’t as tenible as it was a year ago. That’s the whole point of those rate hikes, to stop us buying everything else and push price growth back in line.
Care rates are around 8-10% right now for most people. That is insane. I bought my Tesla before the pandemic back when rates were low. I bought my Audi recently and I have good credit. It was going to be 7% ut they had a special rate of 2.99%.
The interest rates are killer for the average person and until inflation is under control, they will keep going up.
I have two cars. An Audi and Tesla. Each one is about 1K per month. The Audi is an A5 and the Tesla is a Model 3. Both have interest rates below 3%. Neither is that “high” end of car.
Yeah, car prices have become insane.
It’s the mortgage and other loan interest rates that I’m meaning to allude to here. People facing a 30% increase in mortgages or rent might find that shelling out for that expensive car, it’s maintenance and operation isn’t as tenible as it was a year ago. That’s the whole point of those rate hikes, to stop us buying everything else and push price growth back in line.
Care rates are around 8-10% right now for most people. That is insane. I bought my Tesla before the pandemic back when rates were low. I bought my Audi recently and I have good credit. It was going to be 7% ut they had a special rate of 2.99%. The interest rates are killer for the average person and until inflation is under control, they will keep going up.