Nearly 20% of car buyers agreed to monthly car loan payments of $1,000 or more. A record number of car buyers are taking out 84-month loans to make their monthly payments more affordable. Some dealers ...
The biggest downside of an 84-month loan is the total interest you pay. Lenders typically charge a higher APR for long loans, but even if the interest rate matches a shorter-term loan, stretching ...
New data showing how buyers paid for their new cars in recent months has shone a spotlight on just how financially stretched many Americans are. A record one in five buyers committed to making monthly ...
Cars are mighty expensive these days, so it shouldn't come as too much of a surprise to learn that just about one-in-five new-car buyers are slapping down at least $1,000 a month for their auto loans.
Learn five strategies to reduce your car payment.
8.6% of Americans with auto loans are paying $1,000 or more per month, and 40.3% of those loans were originated in 2024. High car payments are most common in Texas, Nevada, Georgia, and California.
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$800 car payment on used Toyota 4Runner
An $800 car payment? Caleb breaks down how much a used 2020 4Runner costs the owner per month and how to get out of debt ...
If it feels like your car is eating more of your paycheck than ever, you’re not imagining it — car ownership costs are rising faster than inflation. Bankrate’s latest Hidden Cost of Car Ownership ...
Even with amortization periods as long as seven years, car payments are eating up a bigger chunk of household budgets ...
Car buyers nationally set a record in the second quarter as more opted for whoppingly long-term loans and monthly car payments that rivaled some monthly home mortgage bills. According to ...
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