Site Tells Consumers to Expect Higher Auto Finance Rates

By Staff Writer January 21, 2019 430

Consumer finance website Bankrate.com expects auto finance to get slightly more expensive this year.

Car buyers can expect to see a “fairly modest” increase in auto loan interest rates in 2019, Bankrate.com states.

While many shoppers will be able to find single-digit rates, special bargains will likely be fewer and farther between this year, analysts predict. Borrowing money to buy a vehicle has gradually gotten more expensive as the Federal Reserve raised its rates.

 

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Last modified on Tuesday, 29 January 2019 18:49