Automakers across the U.S. are slashing interest rates, assisting with payments, and offering other incentives to buyers and owners as shoppers largely hunker down during the typically busy spring season. Although it’s unclear how a prolonged outbreak may impact owners and shoppers, several automakers have offered assistance for up to …
Read More »Automakers slash rates, offer deals to sell new cars amid coronavirus slowdown
Automakers across the U.S. are slashing interest rates, assisting with payments, and offering other incentives to buyers and owners as shoppers largely hunker down during the typically busy spring season. Although it’s unclear how a prolonged outbreak may impact owners and shoppers, several automakers have offered assistance for up to …
Read More »Fed cuts interest rates in emergency move
The Federal Reserve slashed interest rates by half a percentage point in the first such emergency move since the 2008 financial crisis, amid mounting concern that the coronavirus outbreak threatens to stall the record U.S. economic expansion. The rate cut, which came between the central bank’s regularly scheduled meetings, was …
Read More »Consumer auto loan rates are declining
After four federal interest rate hikes in 2018 and three reductions last year, consumer auto loan rates are easing, according to analysts who track auto loan patterns and dealers committed to finding the best rates for their customers. The Federal Reserve last cut its interest-rate target Oct. 31, to a …
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