$650 to More Than $700 Is Now Average for Monthly Car Payment--Car and Driver

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Inflation is everywhere, so it's not surprising, even though it's discouraging, to see the monthly cost to finance a new car reaching record highs, or to hear that experts predict this situation will continue for months to come. Figuring out exactly how much people are now paying differs depending on who's doing the counting, with Edmunds.com finding the average payment for a new car in May reached $656, while Moody's Analytics calculatedthe amount to be $712.

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This page contains a single entry by Leonard E. Sienko, Jr. published on June 20, 2022 6:03 PM.

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