$1,000 a Month Car Payments Becoming More Common as Buyers Face Tough Numbers

Record 17.5% of new-car buyers in Q3 paid over $1,000 a month for a vehicle per Edmunds data.

3 years ago less than 7% of buyers spent that much monthly.

Car buyers face tough numbers currently.

$1,000 a month is becoming the new normal for car buying.

Paying $1,000 or more monthly for a car is a growing problem.