Car Loan Affordability Concerns

Data from Experian this past December revealed that the average monthly car payments in the U.S. rose from $421 in 2021 to roughly $533 at the end of 2023. In terms of affordability, a good rule of thumb is to spend less than 18% of net income on vehicles.

Further data explains that auto financing rates have risen to approximately 11%. These car loan rates reflect the spike in mortgage rates this past year as the Fed hopes to limit inflation.

How to a Sell a Junk Car in North Olmsted?

Among those who buy scrap cars, our organization remains committed to operating in ways that protect humans and the local environment.

Are you wondering where to scrap a car near me in Cleveland? You need not look any further than Cash 4 Cars Cleveland.

Who to Sell a Car for Scrap to in Lake County?

Those seeking vehicle scrap services in the greater Cleveland, Ohio region should call (216) 359-1010 today.