The Ford Mustang Mach-E Handily Outsold The Gas Mustang In 2024Look at historical interest rates for yourself. They are a matter of fact, not opinion. The "why" of lower rates touches on politics and I won't get drawn into political discussions. Anyway, the point I was trying to reply to in previous statement by Sherminator98 was that without extremely low interest rates, manufacturers wouldn't have been able to increase prices so high and so quickly regardless of pandemic-induced shortages. For example, there wouldn't have been as much demand for $100,000 vehicles in the first place if not for unusually low interest rates lowering monthly payments. It was a golden opportunity for manufacturers. IMO if interest rates had not gone so low, manufacturers would have been forced to build lower-priced vehicles.
For clarity, my post regarded statements below by Sherminator98; and IMO rates already seem fairly low, so for them to go much lower would not be a good thing.
"To be honest I think lots of talk about "affordable" cars is just because they can't offer low interest financing on vehicles that cost more. If rates go low enough again, those "cheap" cars will disappear."Fri, 10 Jan 2025 02:20:54 +0000
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