Americans are paying more to finance their cars with the percentage of drivers making a payment of $1,000-a-month on new car loans doubling in the space of a year. A record-breaking 12.7 percent of new-car buyers who took out loans last month are making monthly payments of at least $1,000, according to car-shopping site .This time last year, the figure was closer to 7 percent. In 2019 the level was nearer 5 percent. More than a decade ago, in June of 2010, just 2 percent were paying such sums.
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