The $1,000 Car-Loan Payment: Higher Prices, Interest Rates Push Up Monthly Costs
Share
Consumers have never paid more to finance their cars.
Monthly payments on loans given out in June to buy a new car averaged an all-time high of $686, according to car-shopping site Edmunds, whose data go back to 2005. That is up 4% from January and 13% above a year ago.
A growing share of people are paying much more. A record 12.7% of new-car buyers who signed up for a loan in June have a monthly payment of at least $1,000, according to Edmunds.
Read more from The Wall Street Journal
RELATED TOPICS:
Over 2,500 Central Unified Students Receive Spirit Sweaters at 20th Annual ‘Warm for Winter’
Inspire /
4 hours ago
Fresno Police Arrest Gang Members in Shooting Involving 7-Month-Old
Crime /
5 hours ago
4B Movement: After the Election, a Call for Women to Swear Off Men
News /
6 hours ago
Will Terance Frazier’s Nonprofit Exit Granite Park? ‘Hell No’ He Says
Featured /
8 hours ago
Fresno Crash Sends Pickup Into Tree, Dark Tint Cited as Cause
Local /
9 hours ago
Macklin Celebrini, NHL’s Youngest Player, Scores on Marc-Andre Fleury, League’s Oldest
Sports /
10 hours ago
Newsom Uses a Stunt to Position Himself as a Leader of Anti-Trump Resistance
Two days after the nation’s voters gave Donald Trump another term as president, Gov. Gavin Newsom staged a publicity stunt to position...
Opinion /
3 hours ago
Categories
Latest
Videos
Opinion /
3 hours ago
Newsom Uses a Stunt to Position Himself as a Leader of Anti-Trump Resistance
Politics /
3 hours ago
CA Legislature Sets Record for Women in Office and Could See Historic Gender Parity
U.S. /
3 hours ago
Trump to Target Iran’s Oil Trade in Renewed ‘Maximum Pressure’ Campaign
Inspire /
4 hours ago
Over 2,500 Central Unified Students Receive Spirit Sweaters at 20th Annual ‘Warm for Winter’
Crime /
5 hours ago
Fresno Police Arrest Gang Members in Shooting Involving 7-Month-Old
News /
6 hours ago
4B Movement: After the Election, a Call for Women to Swear Off Men
Video /
2 days ago