Average car payment hits record $712/month as new, used car prices continue to climb - Fox Business

Escalating purchase prices and rising interest rates are making cars less and less affordable to the average consumer, with monthly payments averaging $712 in May.

The average car is getting less affordable for the average person, with typical monthly payments hitting all-time highs. According to a report by Cox Automotive and Moody's Analytics, the affordabil… [+1806 chars]

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