New Car Buyers Taking On $1,000+ Monthly Payments At Alarming Rates
Carscoops
OCTOBER 5, 2024
The average price of a new car in America stands at $48,000 this year, but what matters to buyers isn’t the MSRP or transaction price of their new vehicle, it’s the amount of cash that leaves their bank every month to pay for it. Monthly payment $736 $548 Amount financed $40,713 $28,097 APR 7.1 percent APR loans.
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