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Title: Average car payment hits record $712/month
Source: [None]
URL Source: https://www.investmentwatchblog.com ... payment-hits-record-712-month/
Published: Jul 7, 2022
Author: Staff
Post Date: 2022-07-07 10:19:03 by Horse
Keywords: None
Views: 400
Comments: 6

The average car is getting less affordable for the average person, with typical monthly payments hitting all-time highs.

According to a report by Cox Automotive and Moody’s Analytics, the affordability of new vehicles continued to climb in May for the fourth month in a row, with monthly car payments averaging $712 per month.

According to Kelly Blue Book, the average new car purchase price in May was $47,148.

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#1. To: Horse (#0)

the average new car purchase price in May was $47,148.

That explains why used car prices are so high. And new cars come equipped will a slew of Nanny State "safety" annoyances and other techno-bling that they're no fun to drive: automatic start/stop, lane "assist", automatic braking, big TV screen in the middle of the dashboard, pushbutton parking brake (either on or off, nothing in between). And GPS that allows gov to track you, and on-board data logging that gov can use against you. I could go on.

StraitGate  posted on  2022-07-07   10:47:45 ET  Reply   Untrace   Trace   Private Reply  

pushbutton parking brake (either on or off, nothing in between).

That really puts a damper on doing Rockford style J-turns.

Dakmar  posted on  2022-07-07   13:14:40 ET  Reply   Untrace   Trace   Private Reply  

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