#edmunds
3 stories
Car payments hit record $787 a month as loans stretch to seven years
Average monthly car payments reached $787 in Q3 as a quarter of buyers sign 84-month loans, pushing total interest costs to record highs.
Fortune · 2m
New Car Payments Hit $787 Monthly
U.S. car loans now average $787 monthly with 25.5% stretching to 84+ months.
Road & Track · 1m
Car Loans Growing Longer And Bigger
New car buyers now take out loans over $45,000 with payments of $1,000+.
Motor1 · 1m