Exploring the financial struggles of a woman paying off an $84,000 auto loan, revealing the impact of high interest rates on loan repayment and the challenges of reducing the principal balance effectively.
Drivers are increasingly paying sticker price or more for a new car. Then there are sky-high insurance rates and mortgage-level car payments. Vox’s Marin Cogan explains how we got here.
This episode was produced by Victoria Chamberlin, edited by Matt Collette, fact-checked by Laura Bullard, engineered by David Herman, and hosted by Noel King.
Transcript at vox.com/todayexplained
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