Car payments are at a record 770 a month for new cars and about 550 540 for use cars in the US. The average monthly payment of $777 is insane another stat that was jaw-dropping to me 30% of the market for these cars is people who make their own money. In order for vehicles to get as affordable as they were three years ago vehicle prices will have to basically crater, says Bloomberg Detroit bureau chief David Welch.

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