"UAW Strike Threatens to Increase Car Prices and Monthly Payments for Consumers"
TL;DR Summary
With interest rates for new vehicle financing reaching 7.4% and average monthly payments for new cars hitting $730, experts recommend setting a budget and using auto loan calculators to estimate monthly payments. It is advised to get pre-approved for an auto loan from a bank or credit union before visiting a dealership to secure better loan terms. Additionally, expanding the search to dealerships a few hours away can yield better inventory and deals, and obtaining quotes from multiple dealerships can aid in negotiation.
- Don't go car shopping without these tips to save WCVB Boston
- September 15, 2023 United Auto Workers go on strike CNN
- The Strike Could Mean a Rise in Car Prices for Consumers The New York Times
- Why Carvana Spiked Today The Motley Fool
- Average monthly car payments are $733. They could rise with the UAW strike. Business Insider
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