Record 12.7% of new car buyers got loans with $1000+ monthly payments in June 2022
Average new car loan amount for Americans in 2Q 2022 was $40,602, with average 5% rate, $678 payment, and $6,333 down payment
Average new car loan amount for Americans in 2Q 2022 was $40,602, with average 5% rate, $678 payment, and $6,333 down payment
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– Record Share of New-Car Shoppers Jumped Into a $1,000+ Monthly Payment in June, According to Edmunds