Americans are Paying INSANE Car Payments & Prices... | Car Loan Crisis

Car payments costing Americans as much as RENT nowadays. In 2025, cars are no longer about transportation — they’ve become chains.

The average monthly payment for a new vehicle just hit $745. Nearly 20% of new-car buyers are signing up for $1,000+ payments. Some are paying $1,500–$3,000 per month for mid-tier rides, all while interest rates rise, loan terms stretch past 7 years, and tariffs push monthly costs even higher. Total U.S. auto loan debt has exploded to $1.64 trillion, and 5% of borrowers are already 90+ days behind.

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