Share of car buyers with monthly payments over $1,000 hits record high

Share of car buyers with monthly payments over $1,000 hits record high

Financing a new or used car is more expensive than ever, according to new research. Amid rising interest rates and high auto prices, the share of new car buyers with a monthly payment of more than $1,000 has hit an all-time high, according to Edmunds. The average price paid for a new car in December …

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