1 In 5 New Car Buyers Took On $1,000+ Monthly Payments In Q4
Carscoops
JANUARY 11, 2025
Average loan terms stretched to 68.8 With the cost of financing skyrocketing, analysts are advising potential buyers to consider alternatives, such as used cars or new EV leases, to keep their budgets in check. in Q4 2023, a small consolation for those financing record-high amounts. months, a slight uptick from the 67.8-month
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