$750 a month now the average car payment in the U.S
Saw the latest auto finance numbers and the average new car payment is basically $750/month now… which is kind of wild. Used cars aren’t that far behind either at ~$530/month, and most people are financing. What’s crazy is that these are just the payments. Once you add insurance, gas, maintenance, etc., the real monthly cost is way higher.
Feels like the whole market has shifted from the car’s actual price to it’s monthly payment. Are people actually comfortable with this, or just accepting it as the new normal?
u/Flexcar_Sam — 4 hours ago