Consumer News The Average Car Payment Is At A Record High

Americans' household debt hits new record high, according to report

The report also shows Americans’ student loan debt hit a new record, at $1.65 trillion. A lot more borrowers are missing their payments, as well; nearly 10% of all student debt was reported as 90 days ... Read More

Here's why car payments are so high right now

Car payments have skyrocketed in recent years due to a combination of high prices and high interest rates. While some relief may come soon, industry insiders say prices may still remain high for quite ... Read More

Average new car price hits $50,000, a record high, data shows

The average monthly car payment is $749, according to experts. The average price of a new car was $50,080 in September, marking the first time the going rate of a passenger vehicle has exceeded ... Read More

As Americans tighten their belts, more and more are falling behind on their car payments

Delinquencies and repossessions are both at record highs, as steep loan terms make it harder for car owners to keep up with their payments. Read More

Warning Sign? More Americans Are Falling Behind on Car Payments

Stagnant wages, inflation, and rising auto loan delinquencies are increasing credit stress for households, creating an opportunity for advisors. Read More

The average new-car price hit a record $50,000. Can only the rich buy new?

The cost of buying a car is crushing Americans. Not only are higher prices making new-car ownership an out-of-reach luxury for many, but buyers are increasingly rolling old auto debt into their new ... Read More