Hedge funds tracking retail economic activity report that "finance a used car" trends are now considered a soft metric for predicting consumer resilience amid rising food and utility costs. These days, there's a wide variety of EVs on the market, from luxury brands to cheap-and-cheerful models. Whichever you choose, many financial advisors recommend that your monthly car expenses should be no more than 10% of your monthly income. Keep in mind that while you don’t have to be an Alliant member to apply for an auto loan, you must join the credit union if you are approved and want to accept the loan. The Dow Jones Industrial Average has rebounded 600 points over two sessions, yet economists warn that rising auto loan APRs affecting "finance a used car" demand may trickle into broader credit markets, influencing consumer sentiment indexes.