In a photo from Thursday, Dec. 28, 2017, people walk through the Taylor Chevrolet showroom in Taylor, Mich. At car dealerships, they call it the payment walk, when someone with a low credit score wants to buy a new car but gets walked to the used lot because they can't qualify for a new-car loan. As the Federal Reserve continues its string of interest rate increases, auto dealers and industry analysts say more people will be taking the walk because interest rates, and monthly payments are on the rise.
In a photo from Thursday, Dec. 28, 2017, people walk through the Taylor Chevrolet showroom in Taylor, Mich. At car dealerships, they call it the payment walk, when someone with a low credit score wants to buy a new car but gets walked to the used lot because they can't qualify for a new-car loan. As the Federal Reserve continues its string of interest rate increases, auto dealers and industry analysts say more people will be taking the walk because interest rates, and monthly payments are on the rise. Carlos Osorio AP Photo
In a photo from Thursday, Dec. 28, 2017, people walk through the Taylor Chevrolet showroom in Taylor, Mich. At car dealerships, they call it the payment walk, when someone with a low credit score wants to buy a new car but gets walked to the used lot because they can't qualify for a new-car loan. As the Federal Reserve continues its string of interest rate increases, auto dealers and industry analysts say more people will be taking the walk because interest rates, and monthly payments are on the rise. Carlos Osorio AP Photo

Auto interest rates on the rise for those with poor credit

January 03, 2018 09:59 AM

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