The New Reality: A $700 Monthly Car Payment

When average monthly new-car payments surpassed $700 in May and car prices reached record highs, many potential car buyers decided to sit on the sidelines until the market returned to normal. Six months later, normal looks further away than ever. The Federal Reserve continues to raise the federal funds rate, driving auto loan interest rates…

https://www.nerdwallet.com/article/loans/auto-loans/high-car-payment

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