Fact Check 8: Under Trump, car loan interest rates were stable - but jumped 67% under Biden-Harris
This fact should be common knowledge, 23 days away from the election, but it isn't. Why?
Also see
2024 Fact Check: Introduction - by Jon Sutz
Sources
Federal Reserve Bank, Terms of Credit at Commercial Banks and Finance Companies, 60-month new car loan:
Of note:
Trump labels Detroit a ‘mess,’ pledges to make car loan interest fully deductible, Washington State Standard, October 11, 2024.
(Note: I don’t know the implications of this, and am not including it here as an endorsement, but merely to inform the reader of news developments in the realm of car loan interest issues. -J )
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