Interest rates are one of the biggest factors affecting your monthly car payment—but most customers don’t fully understand how they work, or how much they can change your budget.
In this episode of the Healey Brothers Pod, Jason Healey sits down with Finance Director Mark McKnight to break down exactly how interest rates impact your car payment, what determines the rate you qualify for, and what you can do to improve your financing options.
They explain how credit score, vehicle age, loan term, and down payment all influence your rate—and show real examples of how a small difference in interest rate can mean hundreds of dollars per month in payment changes. They also discuss how dealership relationships with lenders can help customers secure better approvals and why rates are becoming more favorable again after the highs of recent years.
If you’re planning to buy a car, refinance, or just want to better understand how auto financing works, this episode gives you the knowledge you need to make smarter decisions and avoid surprises.
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