You know inflation is bad when your monthly car payment hits a thousand bucks.
For an increasing number of drivers, that’s the reality. A record number of Americans are paying at least $1,000 a month for their vehicles, according to new findings from the auto inventory site Edmunds.
Nearly 16% of car buyers who financed a new vehicle in the fourth quarter of 2022 have monthly payments reaching four figures. That share of car buyers more than doubled in two years.
Even used car buyers aren’t totally safe. More than 5% of buyers who financed a used vehicle in late
