Low car loan rates

[MaximumSpeed]

Car loan rates are the lowest in decades, according to this article from the Sun Times. Do you think that will encourage people to buy new cars, or do you think that's what they're hoping but they're wrong?

 

[jason]

My brother just bought a new hybrid and got 2.9% interest rate. That played into it. It did not help his lease was up, but he was thrilled with the interest rate.

 

[Kohn]

Clearly the demand for cars has gone down, that's why they do everything to pump it up. Some cost-conscious buyers would certainly take the "bait."