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News@lemmy.world · 3 months ago

$1,000 car loan payments are on the rise, stressing household budgets

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$1,000 car loan payments are on the rise, stressing household budgets

return2ozma@lemmy.worldBanned from community to

News@lemmy.world · 3 months ago

$1,000 car loan payments are on the rise, stressing household budgets | CNN Business

Record-high car prices coupled with high interest rates are leading to huge monthly car payments for many Americans.

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A record share of Americans — more than 20% — agreed to pay more than $1,000 per month for a new car loan at the end of the year, according to car sales site Edmunds.
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