The current government recall touches all of us in some way. Since October 1, there has been no recalls released, no consumers car complaints reviewed, no fuel mileage tests by the Environmental Protection Agency and no government tests by safety dummies to determine the strength of today's new vehicle. There just isn't the manpower available to perform such tasks.
Check out one of the new stories we came across related to a consumer who has been forced to hold off filing an auto safety complaint with the National Highway Traffic Safety Administration, clicking here.
If the shutdown lingers, which we expect to be resolved by this Thursday, so that we don't default on our obligations, this could affect borrowers ability to get cheap interest rates too, which will drive payments up. Hyundai, Toyota and Lexus all have offered to defer payments for those affected by the government shutdown.
Moreover, those affected by the shutdown are putting off making any major purchases such as autos, until this is resolved. This by enlarge affects consumer confidence, especially as the auto industry has been on a steady roll this year.
If the shutdown lingers, which we expect to be resolved by this Thursday, so that we don't default on our obligations, this could affect borrowers ability to get cheap interest rates too, which will drive payments up. Hyundai, Toyota and Lexus all have offered to defer payments for those affected by the government shutdown.
Moreover, those affected by the shutdown are putting off making any major purchases such as autos, until this is resolved. This by enlarge affects consumer confidence, especially as the auto industry has been on a steady roll this year.
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