15% of people have a $1000 a month car payment #money #debt #investment #finance #car #payment #usa

"Nearly 15% of drivers who financed a new vehicle toward the end of 2022 are shelling out more than $1,000 a month, the highest percentage ever recorded, according to automotive research company Edmunds. About 5% of consumers who financed a used car during that same period are also paying north of $1,000, which is also a record, Edmunds said."