Record 7 million Americans are 3 months behind on car payments, a red flag for economy

submitted by dcjogger from boston.com

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[–]FollowTheMoney 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Is it possible that the car industry is overcharging for their vehicles and the APRs are leading to increased payments. I went to get a new jeep wrangler and they are $41k base model... The fuck. I went with a new subaru lease and the APR was 5% (800+ credit score). I traded in my old car and put money down and my monthly payment is in the $300s.. My first car I got an APR of 1.79% and that was in 2015 (690 credit score). Again what the fuck.