With car-leasing prices on the rise, here's what to know before you sign on

“The average interest rate on new cars is above 6%, according to Edmunds. On used cars, the average is just below 9%.”

From the article.

I would never accept an interest rate above 5% for a new or used car and never have.

The average is 6 and 9%, respectively. What the hell. A lot of people out there are making terrible financial decisions. No wonder the economy is where it’s at.

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If you need a car and you have average or poor credit…5+% new and even more for a used car.

But yeah, the increased interest rates and loan amounts are setting us up for trouble when the economy slows down.