Edmunds found 1 in 5 people buying new cars signed up for payments of $1,000 or more last quarter. “$1,000 a month is insane!
According to an analysis by Edmunds, 20.3 percent of financed new-vehicle purchases last quarter came with monthly payments cresting the four-digit mark. That’s a new record. For comparison’s sake, Q4 ...
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More car buyers than ever are taking on $1,000-plus payments
One in five new car buyers who financed their purchases last quarter took on monthly payments of $1,000 or more.
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