"UAW Strike Threatens to Increase Car Prices and Monthly Payments for Consumers"

1 min read
Source: WMUR Manchester
"UAW Strike Threatens to Increase Car Prices and Monthly Payments for Consumers"
Photo: WMUR Manchester
TL;DR

With interest rates for new vehicle financing on the rise, 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, as they often offer higher interest rates. Additionally, expanding the search to dealerships a few hours away can lead to better inventory and deals, and obtaining quotes from multiple dealerships can aid in negotiation.

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