Careless-Pin-2852

Careless-Pin-2852 t1_iugpqew wrote

You are correct and wrong at the same time. Interest rates need to ruse until inflation is at 2% or maybe 4%. There is a debate about 2% vs 4%.

But currently cars are still too expensive. And that was the biggest part of inflation. I work a second job at carmax and i can tell you most cars are financed so high interest will eventually bring car prices down.

I have not seen much of a drop in car prices yet so interest rates need to go up more. Maybe not to 9% but more. I have seen a slight slow down but not much.

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