More car buyers pay at least $1,000 a month for their loans as high prices, rate hikes throw ‘a one-two punch’
Skynesher | E+ | Getty Images A growing share of car buyers are signing up for monthly loan payments of $1,000 or more amid rising interest rates and elevated auto prices, new research shows. Overall, 14.3% of consumers who financed a new vehicle in the third quarter committed to payments at or above that amount,…