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Home›ETFs & Funds›Fund Industry›Average used vehicle prices can exceed common affordab…

Average used vehicle prices can exceed common affordability measures

Reported · Written up by our desk · Fund Industry

MarketWatch reports that at current vehicle prices and interest rates, even a typical used car can run above some widely used affordability thresholds.

The outlet says the affordability gap is driven by the combination of higher purchase prices and higher financing costs, which can make monthly payments and related measures harder for many Americans to meet.

← Newer storyRising debt among older Americans highlights pushback on benefit offs…

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Sources

MarketWatchCars have become unaffordable for many Americans. Here’s what the numbers show.
MarketWatchCars have become unaffordable for many Americans. Here’s what the numbers show.

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