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

The average car is getting less affordable for the average person, with typical monthly payments hitting all-time highs.continued to climb in May for the fourth month in a row, with monthly car payments averaging $712 per month.

"Unfortunately for the segment of the population that probably needs it the most, it's getting more and more out of reach," Ivan Drury, senior manager of insights at the car buying expert Edmunds,

People are broke these days

CarMax Guilty of it

lordt have mercy

LET’S GO BRANDON!

Who runs your account? Maybe buy them a Thesaurus so they don’t have to keep using increase in a sentence.

Now you know to never order a president through the mail.

🤣 who can afford a new car ?

Motor Mouth: Automakers see huge profits thanks to pandemic - The dirty secret of the microchip shortage is that it’s been really good for automakers

Stop buying new cars and the prices will come down.

And Ford’s CFO said he’s seeing an uptick in n loan defaults. We should be worried.

Inphuckingsane

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