How many people can afford to pay 8.99% APR on a new vehicle? (Average cost: $47K)

June 22, 2023 12:17 pm by CWR

Sharing is Caring!

NEW month, NEW record.

Average auto loan rate on a new car:

8.99% APR 🥵

Absolutely bonkers.

(via dealertrack)

— CarDealershipGuy (@GuyDealership) June 20, 2023

Car prices were also >50% lower…

— CarDealershipGuy (@GuyDealership) June 20, 2023

See also Buyers: "I can't afford a $750,000 home"; Elites in the Media: "Look at him, so patient!

See also California non-profit CEOs with state funding to reduce homelessness. Average salary $500,000

h/t Simian_Stacker

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