1 In 5 New Car Buyers Took On $1,000+ Monthly Payments In Q4
Carscoops
JANUARY 11, 2025
months as down payments fell to $6,856 last quarter. Used car loans average $28,675 with more manageable $533 payments but sky-high 11% APRs. Interestingly, despite rising costs, the average down payment for new vehicles dropped from $7,074 to $6,856 over the same period. last quarter, down from 7.1%
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