NEWSNATIONNOW - Americans are taking on bigger, longer loans to afford new cars
Americans financed nearly $44,000 on average for new cars in the first quarter, according to Edmunds.
Americans financed nearly $44,000 on average for new cars in the first quarter, according to Edmunds.
Rising vehicle prices, auto loan interest rates, and insurance and maintenance costs are making it harder for people to buy or keep cars.
Cars have become so expensive that many Americans are putting off or not buying new cars, hurting the auto industry.