Lower federal interest rate, but car prices are still high
AUSTIN (KXAN) -- The Federal Reserve recently dropped the interest rate by half a point, making it a little easier for Americans to borrow money, but how does that impact the car buying experience? According to Kelly Blue Book, the average buyer is spending more than $47,000 on a new car.
RELATED | The Federal Reserve is finally lowering rates. Here’s what consumers should know
KXAN Traffic Anchor Erica Brennes spoke to Daniel Armbruster with AAA Texas to learn how these numbers impact Texans.
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