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Not with this economy: The average new car loan interest rate reached 5.7% in the third quarter of 2022. the average amount financed to purchase a new car reached a record of $41K, which is average, almost double it for a Rivian. The average monthly payment in the third quarter was over $700 (again double that for a Rivian) It was $630 and interest rates are going up again by year's end. The bill has come due on those free Covid checks.
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