Interest Rates Are Rising, Buy Now!

November 5th, 2018 by

As the Federal Reserve continues to raise interest rates, the cost of borrowing money for consumers also rises. This has already happened three times in 2018, and the Federal Reserve is expected to raise rates one more time before the end of the year. Rate increases will likely continue into 2019 if the economy continues to prosper. Local and national banks react to these Federal Reserve interest rate increases by raising the rates they offer to consumers, meaning consumers can afford to borrow less with each increase. With end of year rebates and incentives being offered on most makes and models, pricing and interest rates are favorable to consumers. This means the best time to buy a new or used vehicle is now!

For questions on interest rates and current incentives please contact a salesperson today at Hyundai of Louisville: (888)-216-2365!

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