New Car Buyers Taking On $1,000+ Monthly Payments At Alarming Rates
Carscoops
OCTOBER 5, 2024
One in six car buyers are taking on car loans with monthly payments in excess of $1,000. More than 17 percent agreed to $1,000+ payments in Q3, the sixth consecutive quarter that four-figure payments had been as prevalent. Monthly payment $736 $548 Amount financed $40,713 $28,097 APR 7.1 percent in Q2 and 15.8
Let's personalize your content