The Federal Reserve just moved interest rates by a quarter of a percentage point, and if you’re thinking about buying a car, you might be wondering how much that’s actually going to cost you. Is a quarter-point increase enough to change your plans, or are there other parts of the car deal that can have a much bigger impact on your wallet?
David Finkelstein is our car expert, and he’s here to help us put that interest-rate move into real dollars and cents.