Thursday, July 28, 2011

Debt Ceiling Domino Effect - Auto Loans

Greece, N.Y.- If the United States government defaults on its debt, interest rates for auto loans are expected to rise.

"No doubt it would be a slowdown in the big ticket items," said Doug Indovina, Vice President for the Vision Auto Group.

Car buyers have been taking advantage of interest rates in recent months, to the point where many dealerships say inventory is unusually low.

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