Loan amounts, payments reach new highs

The average amount financed for a new vehicle reached a record $28,381 in the fourth quarter of 2014, Experian Automotive said today. That was an increase of $950, or 3.5 percent, from the year-earlier quarter and a rise of $582, or 2.

from Automotive News Breaking News Feed http://ift.tt/18RAxBT via Falls Church auto repair