Stephanie Crawford+FollowCar Loans Are Basically a Mortgage NowCar prices are so wild that people are signing up for loans that last almost a decade just to afford a new ride. The average monthly payment for a new car is now $760, and some loans are stretching to 100 months! Sure, your monthly bill drops, but you end up paying way more in interest. Entry-level cars are disappearing, so buyers are scrambling for anything cheaper. Would you lock yourself into a car payment for nearly 10 years? #Cars #BuyingCar #CarLoans5124Share
