Part 6/8:
- Awareness of Tactics: Understand that tactics like conditional interest rates based on purchasing protection plans are illegal. Finance offers must be consistent regardless of additional purchased items.
Economic Realities
The current economic climate is challenging for auto buyers. Rising MSRPs, higher monthly payments, and increased interest rates place strain on buyers. Tam notes that the current average new vehicle purchase price in the US exceeds $48,000, with average monthly payments reaching nearly $760.