Stay-at-home orders and social distancing requirements during the COVID-19 pandemic are prompting more auto retailers than ever to knock on doors to finish deals. But the practice could expose dealerships to a 45-year-old federal regulation that allows consumers to cancel sales that take place in driveways or third-party locations other …
Read More »Fed might cut interest rate to zero, experts say
The Federal Reserve’s decision to cut the benchmark interest rate half a percentage point early this month was probably just a first step, analysts and economists say. To reduce the risk that the coronavirus will trigger a recession, analysts are predicting the rate — which directly impacts auto finance interest …
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