Impact of Inflation on Auto Loan Rates
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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is the Federal Funds Interest Rate?
How Does the Fed Interest Rate Impact Auto Loans?
Why Does Inflation Impact Auto Loans?
Are Auto Loan Rates Going Up?
Factors that Impact Auto Loan Rates
Creditworthiness
Debt-to-income Ratio
Amount Borrowed and Down Payment
Loan Term
Ways to Combat High Auto Loan Rates
paying your bills on time and in full every month avoiding taking on new debt paying off your current debt
Refinance Auto Loans
Auto Loan Refinancing With Lantern
Frequently Asked Questions
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