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youre looking to buy a car. Prices are soaring, with loan rates the highest theyve been in more than 15 ye. Take a look. ing to new data from edmunds.com, the average annual percentage re on financing a new car jumped fm 4.5% in March 2022 up to 7% last month. Economists say those higher interest rates are due in part to the Fed taking action to take into tame high inflation. That also is going to be very financially painful for a lot of households. So the, you know, the financial pain and suffering that households are going through, thats not going to go away qui. Those higher rates translate to higher monthly car payments. Last month, the average monthly payment for financing a new car hit $730 is not much better for financing a used car, either. That average monthly payment is now $556. Thats up nearly 150 bucks from June 2020. Some car owners are paying even more than that, with about 17% f people with new cars or truck ls spending $1000 or more every mo. So what can you do to