CAR AFFORDABILITY MAY BE AT BREAKING POINT
- The ability for individuals to be able to afford a cay payment may be at its breaking point, according to data released yesterday by Experian. The average new car price was $31,099, and the average car loan payment was $515. “I think we’re certainly at a point where affordability is a question,” said Melinda Zabritski, Experian’s senior director of automotive finance solutions.
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