# New Car Payments Hit $787 Monthly

> U.S. car loans now average $787 monthly with 25.5% stretching to 84+ months.
- Title: New Car Payments Hit $787 Monthly · Road & Track | Shortify
- Summary: U.S. car loans now average $787 monthly with 25.5% stretching to 84+ months. American new car buyers now finance 25.5% of vehicles for 84 months or longer at…
- Keywords: average monthly new car payment, edmunds, new car loans, 84 month loans, car financing, vehicle payments, u.s. car loans, cars, sports, Car, Payments, Hit
- Source: Road & Track — https://roadandtrack.com/news/a74080462/average-monthly-new-car-payment-record-84-month-loans
- Author: Emmet White
- Published: 2026-10-08T16:27:32+00:00
- Read time: 1 min
- Topics: average monthly new car payment, edmunds, new car loans, 84 month loans, car financing, vehicle payments, u.s. car loans, cars, sports
## U.S. Car Financing Trends
New Edmunds data shows 25.5 percent of new vehicles financed in Q3 2026 have loans of 84 months or longer.
## Record Monthly Payments
Average monthly payment on new vehicles rose to $787 in Q3 2026, a $31 increase from Q2 2026.
## Loan Terms Stretch
25.5 percent of new vehicles financed in Q3 2026 have loans of 84 months or longer, a 1.6 percent increase from Q2 2026.
## High Interest Payments
Third-quarter car buyers projected to pay $9,938 in interest over the life of a financed new vehicle.
## Financial Advice
Edmunds director Ivan Drury warns that stretching loans may not be wise without considering total cost.
## Consumer Impact
21.2 percent of new-car buyers commit to monthly payments over $1000 in Q3 2026.
## Key takeaway

American new car buyers now finance 25.5% of vehicles for 84 months or longer at record $787 monthly payments.