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Saturday, May 16, 2026

$1,000 a month for a car loan payment? Why auto loans are soaring for many buyers

Just when you thought the cost to get into a new car couldn’t go any higher, it has — and it will likely continue to rise, car-buying experts at Edmunds said Monday. The number of car buyers paying $1,000 or more a month to finance a new vehicle is creeping higher, closing in on nearly one-fifth of …

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