RetroFed Forum
Your home away from modern life.
Car buyers are stretching loans to afford payments — it's a 'potential warning light,' analyst says
Post Reply
AuthorMessage
return2ozma lemmy.world return2ozma@lemmy.world
Joined: 2023-07-01
Quote

Meanwhile, a record 21.2% of financed new-car purchases had monthly payments of $1,000 or more in the third quarter, up from 19.1% a year earlier, according to Edmunds. Among those buyers with four-figure payments, 69% financed their cars for 72 months or longer.

11   Original
Post Reply
Back to top