Automotive News

How the Bank of Canada Reducing Interest Rates Can Help You Buy a Car

June 7, 2024

3 Minute Read

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If you’re in the market for a new used car, there’s good news for you. Bank of Canada (BoC) has reduced interest rate to 4.75%. But what does this mean for you, and how can it make buying a car more affordable? Let’s break down the details and understand the impact of lower interest rates on your car purchase journey.