$1,000 monthly car payments signal strain for new-car buyers

Nearly 1 in 5 new-car shoppers in Q2 2025 committed to $1,000+ monthly payments — the highest share ever recorded. Average new-vehicle loan amounts ... Read More

$1,000+ Monthly New Car Payments Hit Record High

A growing number of car buyers are committing to historically high monthly payments and longer loan terms, according to new data from Edmunds. The firm’s Q2 2025 analysis shows that 19.3% of ... Read More

Average Car Payments Hit a Record High. Here’s What to Know.

Your best bet may be a used car, which had an average monthly payment of $555 in the second three months of this year, Ms. Caldwell of Edmunds said. But don’t expect big bargains there, either. Read More

1 in 5 new car buyers take on $1,000 monthly payments

Last quarter, nearly one in five new car buyers who financed their purchases took on monthly payments of $1,000 or more — a record share, according to a new report from Edmunds. Read More

Car buyers set a record with more than $1,000-a-month car payments in Q2

One in five car buyers in the second quarter agreed to a $1,000-a-month car loan payment and increasingly more are taking out seven-year-long loans. Read More

Monthly car payments hit $745 as EV credits end

Car payments in the U.S. have hit record highs, with monthly costs averaging $745 and new car prices nearing $50,000. At the same time, EV tax credits are ending, making affordable transportation ... Read More

Here's why car payments are so high right now - NBC News

A near-record 17% of car owners are paying more than $1,000 a month, ... Here's why car payments are so high right now. ... the average payment with a trade-in was $736, ... Read More

Used-Car Prices Have Fallen, for Now - Consumer Reports

The average price of a new car is about $49,000, which isn’t far off a record high. Ryan says that this has slowed sales, though, which means there are incentives and deals to be found among ... Read More

Used Cars Now Average $25K: Why the Market Is Still Broken in 2025

Average used car prices hit $25K post-pandemic; explore CPI trends, hidden costs, and tips to spot real bargains in today’s inflated market. Read More

How much is too much? New car buyers face record-high monthly payments

The average monthly payment for new vehicles rose to $754 in Q4 2024, up from $739 a year earlier. For used cars , the average monthly payment dipped slightly to $533, but it remains high relative ... Read More

Record share of new car buyers face $1K monthly payments - The Hill

Last quarter, nearly one in five new car buyers who financed their purchases took on monthly payments of $1,000 or more — a record share, according to a new report from Edmunds. Read More

Average car payments hit a record high. Here’s what to know

Your best bet may be a used car, which had an average monthly payment of $555 in the second three months of this year, Caldwell said. Advertising But don’t expect big bargains there, either. Read More