Solid economic fundamentals are supporting bigger and longer car loans in the US, but not without consequences. Data from Experian Automotive shows that the average amount financed and the average monthly payment for a new vehicle in the US in the fourth quarter 2015 hit a new record. The average finance amount rose by US$1,170 year-on-year to US$29,551, while the average monthly payment rose by US$9 to US$493.
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