Consumer News The Average Car Payment Is At A Record High

Car loan delinquencies hit record for riskiest borrowers

For many of the riskiest borrowers, high interest rates are adding to their financial burdens. Data from Experian showed that the average rate for deep subprime consumers — which the firm defines as ... Read More

Late car payments hit record among subprime borrowers

Subprime borrowers are falling behind at historic rates, but among prime borrowers — those with stronger credit histories — the delinquency rate hasn’t budged. Just 0.37% of prime auto loans were at ... Read More

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

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

Car loan crisis: More Americans falling behind on loan payments

On the surface, the economy looks like it’s holding up. The stock market is up, unemployment remains relatively low, and consumer spending hasn’t slowed much. But if you shift your focus to the road, ... Read More