Fact Check 8: Under Trump, car loan interest rates were stable - but jumped 67% under Biden-Harris
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?
Preface: See 2024 Fact Check: Introduction and link-list
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 )
Previous 2024 Fact-Check infographic reports
October 6: Fact Check 1: Did Trump’s policies destroy manufacturing jobs, reversing Obama’s “booming” economy?
October 7: Fact Check 2: Electricity prices stayed the same under Trump, but skyrocketed under Biden-Harris
October 8: Fact Check 3: Gasoline prices declined under Trump, but skyrocketed under Biden
October 9: Fact Check 4: Diesel prices were stable under Trump, but skyrocketed under Biden
October 10: Fact Check 5: Black home ownership rate declined under Obama, grew under Trump
October 11: Fact Check 6: The Biden-Harris administration is the #1 cash enabler of the Iranian terrorist regime
October 12: Fact Check 7: Home ownership dropped to a 50-year low under Obama, but grew 7.9% under Trump
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