Last year, the average amount borrowed for a new car was $31,099 This sounds awfully high... I drilled down into their claimed source[0], and no such figure ap

Last year, the average amount borrowed for a new car was $31,099 This sounds awfully high... I drilled down into their claimed source[0], and no such figure appears there, so I wonder where it comes from. (This would mean that even if we're talking a 75% loan, just 25% down, the average vehicle cost over $40K.) [0] https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2017Q4.pdf https://www.newyorkfed.org/medialibrary/interactives/househo...