U.S. car buyers are over-leveraging themselves with vehicles they can't afford and loans terms that don't make sense. Buying a used vehicle is far smarter for getting the car you want.
U.S. car buyers are over extending themselves on new cars. A huge number of consumers would be much better off buying used cars and taking advantage of rapid depreciation after the car leaves the dealer lot.Americans are over leveraging themselves to buy new cars like never before, and for too many buyers it’s just a stupid thing to do.says the average monthly payment for a new vehicle hit a record high of $545, up $30 from a year earlier.
Vehicle prices are climbing in part because consumers are increasingly preferring crossovers and SUVs, which tend to carry higher prices than sedans. The shift is seen as so permanent that Ford and FCA, to name two, are That guideline set forth by Interest.com and other advisors is a consumer benchmark. Dealers will close almost any deal a buyer wants to make.
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