Record Share Of Car Buyers Paying $1,000+ Monthly Due To Highest Interest Rates Since '08
The average new car monthly payment hit a record high of $730 in Q1 2023 versus $717 of Q4 2022 and $656 Q1 2022
Source: carscoops.com
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The average new car monthly payment hit a record high of $730 in Q1 2023 versus $717 of Q4 2022 and $656 Q1 2022
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/PRNewswire/ -- Financing a new vehicle purchase continues to grow increasingly out of reach for many consumers, according to the car shopping experts at...
Those who opted for floating interest rates now face inflated EMIs or longer loan tenures.
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