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Elon Musk finally meets the press and compares himself to Buddha | CNN Business
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The Rise of SolyFrog: A New Era for Meme-Powered Finance
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20 Career Tips For Finance Professionals Working Their Way Up
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PBS39 News Reports | Tattoo Regret Becomes Big Business | Season 2018
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April Global Regulatory Brief: Digital finance
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[ Wed, Apr 30th ] - ESPN
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[ Wed, Apr 30th ] - CNN
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[ Wed, Apr 30th ] - Forbes
How Stablecoins, Blockchain-Based Payment Networks Reshape Finance
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WHO offers early retirement to cut costs ahead of U.S. exit
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20 Challenges AI Poses For The Finance World And How To Overcome Them
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[ Tue, Apr 29th ] - CNN
Walmart, Target resume business with some Chinese .. tariff-related halt, suppliers say | CNN Business
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[ Tue, Apr 29th ] - Patch
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[ Mon, Apr 28th ] - CNN
Jack in the Box to close up to 200 'underperforming' locations | CNN Business
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Trump goes after Federal Reserve's Powell again | CNN Business
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Is It More Expensive To Finance A Used Car Than A New Car? - SlashGear


//business-finance.news-articles.net/content/202 .. finance-a-used-car-than-a-new-car-slashgear.html
Published in Business and Finance on by SlashGear   Print publication without navigation

Used cars can be more expensive to finance, as lenders typically impose higher interest rates than new cars as a way to protect themselves.

The article from SlashGear discusses the increasing costs associated with financing used cars, highlighting that the average monthly payment for a used vehicle has risen to $563, marking a significant increase from previous years. This surge is attributed to several factors, including higher used car prices, elevated interest rates, and longer loan terms. The piece notes that the average interest rate for used car loans has climbed to 11.18%, the highest in over a decade, which, combined with the rising prices of used vehicles, has led to a situation where buyers are facing monthly payments that are nearly as high as those for new cars. The article also touches on the impact of these trends on consumers, suggesting that the increased financial burden could affect affordability and lead to changes in buying behavior.

Read the Full SlashGear Article at:
[ https://www.slashgear.com/1841291/more-expensive-finance-used-car/ ]

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