Posted on Jun 1, 2023
How inflation and higher interest rates have reshaped car buying for many Americans
191
3
3
3
3
0
In 2023, there is a reversal of the trends of previous low interest and cheaper new car prices from the COVID pandemic.
How inflation and higher interest rates have reshaped car buying for many Americans
Posted from cnbc.com
Cars
Shopping
Posted 11 mo ago
Responses: 3
0
0
0
Unfortunately, Americans no longer practice delayed gratification. Never put a luxury item or non-revenue producing depreciating asset on credit. If you don't have the cash in an account or portfolio, you don't need a new car. You can do a lot of repairs for the cost of a new car loan.
(0)
(0)
0
0
0
0
0
0
2015 Dodge Challenger 60k miles 30 mpg V6 and paid for. No electric car and Consumer Reports gave it a 70. Car has been trouble free except for $200 every 3 years for a car battery.
(0)
(0)
Read This Next
Continue with Facebook 
Continue with Google