Edmunds: How to Mitigate Rising Auto Loan Rates – Spectrum News | CarTailz

The Federal Reserve released its last rate hike in early November. It’s the fourth hike this year and has pushed financing rates on new auto loans to their highest levels since 2019. Interest rates for used cars have also reached their highest level since 2010. This will affect car buyers this holiday season and into … Read more

How steep rate hikes are affecting your finances – Spectrum News 1 | CarTailz

NEW YORK (AP) — Mortgage rates continue to rise, home sales are plummeting, and credit card and auto loans are on the rise. Savings interest, however, is a bit juicier. With the Federal Reserve steadily raising interest rates, many economists fear a recession remains inevitable in the coming months – and with it job losses … Read more

How steep rate hikes are affecting your finances – Spectrum News | CarTailz

NEW YORK (AP) — Mortgage rates continue to rise, home sales are plummeting, and credit card and auto loans are on the rise. Savings interest, however, is a bit juicier. With the Federal Reserve steadily raising interest rates, many economists fear a recession remains inevitable in the coming months – and with it job losses … Read more

How the Fed’s steep rate hikes will affect your finances – Spectrum News | CarTailz

NEW YORK (AP) — Mortgage rates have skyrocketed, home sales have plummeted, and credit card and auto loans have become more expensive. Savings interest, however, is a bit juicier. With the Federal Reserve quickly raising interest rates, many economists fear a recession is inevitable in the coming months — and with it job losses that … Read more

Driven by consumers, US inflation grows more stubbornly – The Associated Press | CarTailz

WASHINGTON (AP) – US inflation is showing signs of entering a more stubborn phase This will likely require drastic action from the Federal Reserve, a shift that will send financial markets into panic mode and increase risks of a recession. Some of the long-standing drivers of higher inflation — soaring gas prices, supply chain snarls, … Read more

Gas-powered muscle cars head into the sunset, go electric – The Associated Press | CarTailz

PONTIAC, Mich. (AP) — Thundering gas-powered muscle cars, a staple of American culture for decades, will make their last Saturday night cruises for years to come, as automakers begin to replace them with super-fast cars that run on batteries. Stellantis’ Dodge brand, long the performance flagship of the company formerly known as Fiat Chrysler, is … Read more

Most electric vehicles don’t qualify for a federal tax credit – The Associated Press | CarTailz

DETROIT (AP) – A tax credit of up to $7,500 could be used to cover the cost of an electric vehicle under the inflation-mitigating bill, which is now nearing final approval in Congress. However, the auto industry warns that the vast majority of electric vehicle purchases are not eligible for such a large tax credit. … Read more