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At KeyBank, we’re committed to keeping you up to date on developments that impact your auto dealership. This issue of our newsletter focuses on two important financing subjects for dealers today.

Key Takeaways

  • The financial services industry is transitioning from LIBOR to a new benchmark rate called SOFR. Our lead article explains how we’re working with each client to identify what the change will mean for them.
  • Longer-term interest rates are rising, and that increases risk for dealers who finance long-term assets with variable-rate loans. Our second article describes the role that interest rate swaps can play in protecting a dealership’s profitability and bringing more certainty to cash flows.

All credit products are subject to credit approval.

KeyBank is Member FDIC.