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

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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

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h/t Simian_Stacker

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