Auto rates and mortgage rates aren't necessarily tied together perfectly. Same goes for auto rates and the federal interest rate. But generally speaking, when mortgage rates and the fed rate go up, auto rates will go up.
So auto loan rates are about .7% higher than a year ago and most people tend to think that will start to climb quite a bit. This will also make Ford less likely to offer promotional financing in-house at very low rates because the money supply is more expensive.
My credit union right now still has 72 month loans for a bit over 3%, but I wouldn't be surprised at all if it is near 4% in 6 months. (My F150 loan was a 0% Ford Financing Loan).
On a $60K Wildtrak, a 1% bump in the interest rate means about $27 bucks a month extra in interest. That's not an insane amount, but it's still a real cost, especially when you are already paying a ton. And if you have to pay 4% instead of 0%, it's about a $100/month difference
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