Average used car payments expected to surpass $500, according to Edmunds
(October 3, 2021) SANTA MONICA, Calif. — Consumers are paying more than ever to finance used vehicle purchases as tighter inventory and fewer discounts in the new car market push shoppers to seek alternatives in the used market. And Edmunds experts note that used purchase conditions are likely to continue to be unfavorable for car shoppers through the rest of the year and advise consumers who need to make a car purchase to consider alternatives such as leasing or exploring certified pre-owned (CPO) vehicles.