At some point in the not-too-distant past, a new car became a luxury purchase. The average price for a new vehicle hit $49,500 at the end of last year, compared to $38,948 just three years earlier. Skyrocketing interest rates pushed the average monthly car payment on a five-year loan to $723 in March.
New Cars Have Become Luxury Items | Portside
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1848+: The End(s) of History 