Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-07-19T16:54:17+00:00
I haven't met many people who were actually able to afford a new car. Sure, plenty buy them, but suffocating monthly loan payments mean the "affording" part isn't exactly met. For decades, we shrugged off the warning that a new car loses 10% of its value the second it leaves the lot. The counter-argument was simple: You paid for peace of mind and the guarantee you wouldn't end up stranded on the road. But today, even buying aused caris a crushing mathematical problem. According toEdmunds,the average monthly new-car payment has hit a record $777, and20.3%of buyers pay$1,000 or moremonthly. To cope, many stretch loans over six or seven years. Edmunds' Ivan Drury calls this a "mathematical trap," warning that pairing a 7.0% APR with an 84-month loan means handing over nearly $10,000 in intere
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.