Car Loan Payments Are The Most Ever, Sometimes at Mortgage Levels

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At this rate, nobody is going to show any interest in loans.

The average monthly payment on a new car loan hit a record high of $686 in June, according to new data from auto sales site Edmunds, up 4% from January and 13% year-over-year. With it the risk of delinquency has risen dramatically.

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Source Fool.com