Buying, Paying For a New Car Costs More Than Ever

Rising inflation has spared few consumer needs -- including new vehicle costs requiring a bigger chunk of Americans' budgets than ever. Average monthly new car payments have surged 28% in the past three years. That increase, plus soaring prices for new models, haven't kept sales from rising substantially this year.

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Disclaimer: This video is for entertainment purposes and does not constitute personal financial advice on whether to buy or sell a specific financial security. Capital is at risk; investments may decrease in value as well as increase. You may not get back all the money invested. Investment objectives may differ, and therefore investment strategy must be factored in. If in doubt, seek advice from an investment adviser regulated by the Financial Conduct Authority (FCA).