New and used monthly car payments expected to shatter records in 4Q
Edmunds.com
(January 5, 2022) SANTA MONICA, Calif. — Consumers are spending more than ever to finance new and used vehicle purchases as inventory shortages continue and consumer demand runs high. According to the car shopping experts at Edmunds, in Q4 2021 the average monthly payment for new vehicles is expected to climb to $636, the highest level that Edmunds has on record, compared to $614 in third quarter 2021 and $581 in fourth quarter 2020.