How the car buying process has changed in 2023
Between low inventory, high prices and online dealerships, car buying looks different in 2023.
5 min read
Jan 26, 2023
EXPERTISE
- Auto Loans
EDUCATION
- Bachelor of Arts in Strategic Communications, Elon University
About the author
Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating the ins and outs of securely borrowing money to purchase a car. Rebecca is passionate about empowering women to make informed financial decisions in the showroom.
When Rebecca isn’t researching recent trends in the world of auto finance, she is an avid runner and a lover of interior design.
Highlights
Rebecca is passionate about providing clarity and accessibility to the automotive loans industry as the cost of used cars has skyrocketed due to inflation caused by the COVID-19 pandemic.
Experience
Rebecca has been the auto loans reporter at Bankrate since 2021. Prior to her time at Bankrate, she was a social media reporter and copywriter.
She earned her bachelor’s degree in Strategic Communications and a minor in Women's Gender and Sexuality from Elon University.
Rebecca's latest articles
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Lease buyout: Is it right for me in 2023?
In 2023’s changing economy, could buying out your lease be the right choice for you?
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EV tax credit: What to know before you buy
Find out if your new car could make you eligible for a $7,500 tax credit.
9 min read Jan 23, 2023 -
How to get a lien lifted from a used car
Oops, a used car you just bought has a lien. Follow this strategy to get it removed.
3 min read Jan 19, 2023 -
How owing money on a personal loan can affect your credit score
How you manage your personal loan will determine how it affects your credit score.
4 min read Jan 12, 2023 -
5 risks accompanied with taking out a personal loan
Be wary of the amount of money you are taking out and your ability to pay it off.
2 min read Jan 04, 2023 -
What is an online lending network?
You can check out a few different loan options at once using a marketplace, all online.
3 min read Jan 04, 2023 -
The rising purchasing power of women: Facts and statistics
The aftermath of the holiday season can leave many consumers spending above their means. Some shoppers even consider taking out a personal loan to finance larger purchases. Data from Bankrate found that [...]
3 min read Jan 04, 2023 -
Auto loan rate forecast for 2023: Rates will increase due to Fed decisions
While auto loan rates should be fairly low in 2022, car prices will remain high.
3 min read Jan 03, 2023 -
Auto loan debt reaches $1.52 trillion
Record-high vehicle prices and interest rates cause auto loan debt to soar.
3 min read Dec 19, 2022 -
Is it safe to buy used tires for your car?
You can save money with used tires, but there are safety factors to consider before buying.
2 min read Dec 18, 2022 -
How the leasing market is changing
A decline in availability has led to fewer cars leased and higher monthly costs.
3 min read Dec 08, 2022 -
Should you buy a new or used car?
There are pros and cons of getting the latest model.
6 min read Dec 01, 2022 -
Recession watch: Holiday car shopping statistics and predictions
Go into the holidays ready to only spend within your means on a new car.
3 min read Nov 28, 2022 -
How much car can I afford? How to calculate car affordability
Before shopping, do your research to make sure you get the best car for your budget.
4 min read Nov 14, 2022
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