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Cake day: October 25th, 2023

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  • It’s absolutely interest rates. Just bought an EV and we decided to just buy it outright as APR is now above our bank’s APY. It no longer makes sense to delay paying it off…and a lot of people don’t have that option too…I imagine them looking at the high APRs right now and just deciding to sit things out until financing specials pop up direct from the manufacturer. Those are not always there…so demand is pretty much kept at bay.