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#14 Family entrepreneurship, Building and exiting two startups, Simplifying car search for consumers, Innovating with AI | Pat Ryan, Founder & CEO of CoPilot
Car Dealership Guy Podcast
The Price of a Used Car
The average interest rate on a used car loan right now is close to 14%. On a new car loan, it's just about hit 9%. I think we've gone through kind of almost a structural upward shift in the cost of owning a car. We're baking in these high prices in a way that when supply goes down further, I don't think the prices are going to ever bounce back to normal. At least with gold.
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