Auto Loan Rates - Truenewj

How does the Federal Reserve’s interest rate affect auto loans?

amefika4 months ago04 mins

The decisions made by the Federal Reserve to raise the benchmark rate do not directly impact auto loans, but rather the cost of borrowing for banks. The higher the Fed sets rates, the higher auto loan rates are likely to be. The Federal Reserve made its third and final 2025 rate cut in December, raising…

Three things every car buyer should know about the Federal Reserve’s latest decision

amefika7 months ago04 mins

For most of the year, tariffs and the threat of them have forced auto companies to increase their spending on incentives to attract buyers. Buyers have responded to that signal, leading to a record pace for auto companies like Ford, General Motors and Kia. Auto loan rates play an important role in many buyers’ car…