NPR: Monthly car payments have crossed a record $700. What that means

Monthly car payments have crossed a record $700. What that means
The average cost of a new car is also at the highest on record, topping $47,000 a pop. At this rate, an essential household purchase is starting to feel like a luxury in America.

Read in NPR: https://apple.news/AcvEjbUZURZC_EVvdRNO8wA

Shared from Apple News

Sent from my iPad,Best wishes and Hugs,
Scottie

3 thoughts on “NPR: Monthly car payments have crossed a record $700. What that means

    1. Hello Nan. The problem is Ron and I are older now and he is retired and I am disabled. So unlike the days when he was working our income is limited. In the US mass transit stinks big time. I love the idea of not needing a vehicle but in the US in most places a car is a necessity rather than a luxury. If I was living in a city then not so much, but all our lives we have lived in rural settings or a mix or Urban / rural. Even now we live in a place that is becoming more populated and stores and shops are growing all around us but everyone still needs a car, and a lot of people need more than one. Hugs

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