Experian Automotive Talks to 'Auto Trends' About the State of Car Financing

Melinda Zabrintski, who is the head of automotive financial insights for Experian Automotive, talks car payments and more. (Photo Credit: EA)

Over the past two years, the Federal Reserve has raised interest rates have 11 times. 

Melinda Zabrintski, who is the head of automotive financial insights for Experian Automotive, joins Auto Trends with JeffCars.com, the only multicultural syndicated automotive program in North America, to talk about the effect the rates have had on consumers financing and leasing new and used vehicles. 

Experian Automotive is a division of Experian credit, one of the leading credit bureaus in the U.S.

Moreover, Zabrintski touches on where consumers are getting their financing from.

Free Credit Reports Available Through The End Of 2023

The three nationwide credit reporting agencies – Equifax, Experian and TransUnion – are taking joint action to continue offering free weekly credit reports to consumers in the United States through the end of 2023. This benefit will help consumers manage their financial health during a period of rising inflation and unprecedented economic uncertainty coming out of the COVID-19 pandemic.

Editor's Commentary: Stretching Car Notes Into 'Car Mortgages' Is Leading To More Buyers Being Late On Payments

We all have wants and desires. About a decade ago I penned an article for a national financial publication on consumers steering into ‘Car Mortgage’ territory. The coined term is still appropriate today, as the average transaction price of a new car climbing to approximately $36,500.