Americans behind on car loans by 90 days or more
Published on Feb 13, 2019
This is old news and I have not seen the ramifications of these defaulters in their car payments. But its a good reminder that all is not well in the economy, if people cannot afford to drive to work.
New-car loans hit highest interest rates in a decade
Published: Apr 2, 2019 11:39 a.m. ET
The annual percentage rate, or APR, on a new financed vehicle is expected to average 6.36% in March, compared with 5.66% in March 2018 and 4.44% five years ago.
So interest rates are moving up, despite what the Fed has been saying that rates would remain constant.