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Low Interest Rates Spur Car Sales
A sign the Wichita economy is slowly recovering, car sales are on the rise.
Reporter: Deb Farris Email Address: dfarris@kake.com |
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July 14, 2011
A sign,maybe, the Wichita economy is slowly recovering. Car sales are on the rise, thanks to what some are calling record low interest rates. Those rates range from 5% all the way down to 2.4%. Davis Moore is seeing more and more people come in to take advantage of the deals.
"I've been at Davis Moore for 23 years," said Feron Cassity, finance director at Davis Moore Chevrolet. "I've seen an increase in business, and I think we're on our way out."
Some banks are offering low rates plus a 1% cash back incentive if you refinance your car loan with them.
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