Posts Tagged ‘SUVs’

‘Anyone can get an auto loan’

March 16, 2022

For when the M1126 Infantry Carrier Vehicle just isn’t big enough.

OK, so, with the Russian war in Ukraine, random gun violence here at home, and inflation everywhere, we all have plenty to worry about.

But wait! There’s more!

Cyclists, pedestrians, and anyone else hoping for safe streets in a livable environment will hop the first dick-missile to Mars after scanning this New York Times story on what the quarter-point hike in the Fed’s key interest rate means for any of us chickens who’d like to cross the road without winding up fried and breaded in one of the Colonel’s buckets.

A couple key pull-quotes:

“There is far more variation in auto lending than in, say, the mortgage market because there are more credit types. Anyone can get an auto loan.” — Jonathan Smoke, chief economist at Cox Automotive, an industry consulting firm.

“Car-loan rates will move up as the Fed hikes interest rates, but it will be a nonissue for car buyers because it has such a limited impact on monthly payments. Nobody will need to downsize from the S.U.V. to the compact because of rising rates.” — Greg McBride, chief financial analyst at Bankrate.com.

Damn straight. Fuck a bunch of Prius. Whadda I look like, some hippie? I got an image to maintain. What are the Russian oligarchs driving this season?