Glossary / General

interest rates

39 Episode Mentions

Too Afraid to Ask

Interest rates are how much extra you pay for borrowing money to buy a car. Lower rates mean cheaper payments.

Technical Definition

Interest rates are the cost of borrowing money, expressed as a percentage of the loan amount. They influence monthly car payments and overall affordability.

Hear It Discussed

"But we do know that interest rates are still high. It doesn't look like the Fed is moving there. So most people finance their vehicle."
CarCast+Edmunds - Tesla sales pick up and negative equity on car loans continues to increase. CarCast 36:02

"and that's why the payment is so low plus the interest rates are lower on leases and they are on purchases and"
Car Pro Radio Show June 13 26 Hour 1 CarPro Radio Show 16:25

""Are we waiting for a big fall in interest rates that may not happen, or what is the outlook? It's very hard to predict the interest rate situation right now," "
Honda Drops 2 Models, Audi Q3 Reivew, Buying a Car in Uncertain Times Car Stuff Podcast 30:22