Auto loan interest rates climb to highest level since 2019
(October 5, 2022) SANTA MONICA, Calif. — Consumers are digging deeper into their pockets to finance new vehicles, according to the car shopping experts at Edmunds. "High prices and rising interest rates are dealing consumers a one-two punch by catapulting monthly payments into a new realm," said Jessica Caldwell, Edmunds’ executive director of insights.