I have two cars. An Audi and Tesla. Each one is about 1K per month. The Audi is an A5 and the Tesla is a Model 3.
Both have interest rates below 3%. Neither is that “high” end of car.
It’s the mortgage and other loan interest rates that I’m meaning to allude to here. People facing a 30% increase in mortgages or rent might find that shelling out for that expensive car, it’s maintenance and operation isn’t as tenible as it was a year ago. That’s the whole point of those rate hikes, to stop us buying everything else and push price growth back in line.
I have two cars. An Audi and Tesla. Each one is about 1K per month. The Audi is an A5 and the Tesla is a Model 3. Both have interest rates below 3%. Neither is that “high” end of car.
Yeah, car prices have become insane.
It’s the mortgage and other loan interest rates that I’m meaning to allude to here. People facing a 30% increase in mortgages or rent might find that shelling out for that expensive car, it’s maintenance and operation isn’t as tenible as it was a year ago. That’s the whole point of those rate hikes, to stop us buying everything else and push price growth back in line.
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