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Economy

(49,558 posts)

2. grappling with higher interest rates - are there auto loans with floating rates?

Fri Mar 7, 2025, 10:50 AM

Mar 7

I understand the cost of everything rises, but the article seems to imply people can't make payments because of rising rates?

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Highlight:

Americans Fall Behind on Car Payments at Highest Rate in Decades [View all] mahatmakanejeeves Mar 7 OP

Some more from Bloomberg article on auto loan delinquencies - progree Mar 7 #1

Nearly 1 in 5 are making payments of $1,000 or more MichMan Mar 9 #3