Navigating Uncertainties
During this holiday season, the Federal Reserve has opted to maintain interest rates, which some experts say is a sign of future economic stability and is part of the Federal Reserve's strategy to encourage spending and investment.
Several reputable news sources have weighed in on the Federal Reserve's decision and its potential impact on various sectors, including the automotive industry. According to one report*, the decision to maintain interest rates is expected to stimulate consumer spending, particularly on big-ticket items like vehicles. This positive sentiment is echoed by financial analysts who believe that the cost of financing a vehicle will remain attractive, encouraging consumers to make purchases in 2024.
In exciting news for consumers, we are happy to announce that customers can get as low as 3.99% APR financing1 this month on select all-new Volvo models. Our knowledgeable Sales Consultants at Volvo Cars Silver Spring are ready to find you the vehicle of your dreams! Browse our new inventory or visit us today to see our extensive lineup.
13.99% APR applies to any new 2024 Volvo XC90, XC60, and select XC40 models. Offer available to qualified customers that meet Volvo Car Financial Services (VCFS) credit standards at authorized Volvo Cars Retailers. 3.99% APR Financing for 72 months at $15.64 per month per $1,000 financed. Down payment will vary with APR and credit qualifications. Not everyone will qualify for credit approval or advertised APR. Advertised financing does not include taxes, title, registration, and license fees. All offers are subject to vehicle availability. See your participating Volvo Cars Retailer for details. Truth in Lending Act Disclosure: Down payment will vary with APR and credit. For example, 3.99% APR with $2,500 down payment provides for 72 monthly payments of $15.64 per $1000 financed for qualified buyers. 3.99% APR for a term of 24 months corresponds to a monthly cost of $43.42 per $1000 financed. 3.99% APR for a term of 36 months corresponds to a monthly cost of $29.52 per $1000 financed. 3.99% APR for a term of 39 months corresponds to a monthly cost of $27.38 per $1000 financed. 3.99% APR for a term of 42 months corresponds to a monthly cost of $25.55 per $1000 financed. 3.99% APR for a term of 48 months corresponds to a monthly cost of $22.57 per $1000 financed. 3.99% APR for a term of 60 months corresponds to a monthly cost of $18.41 per $1000 financed. The rates described are for estimation purposes only; you may not be able to finance at this rate.
*Reference: CNBC