It is no hyperbole to say that 90 percent of car loans are between 8-14 percent interenst in the US right now. That is considering branded dealerships, partners

It is no hyperbole to say that 90 percent of car loans are between 8-14 percent interenst in the US right now. That is considering branded dealerships, partners, and used/CPO lots. A 10 percent rate on a 40k loan for a 60k mid-range SUV over 5 years is roughly 10k more in costs to the buyer. THis is the average purchase price/loan term in the US for new cars, at least. So while a 10k increase in price due to the loan isn't comparable to a 3-6x in price in Singapore, the infinitely higher amount of consumers in US caught in this trap is directly going into the selling agent's pocket. At least in SGP, that COE entitlement cost goes to "the state".