Many drivers pay over $1,000 a month for a car
If the price of new vehicles shocks you these days, wait until you know the cost of monthly payments. The number of people paying more than $1,000 a month is at an all-time high according to Edmunds, based on June data. The average amount financed for a new vehicle in the second quarter? At a near record – just breaking the $40,000 mark.
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