Colleen Jones+Follow$1,000 Car Payments?! It’s HappeningCar payments are officially out of control—nearly 1 in 5 new car buyers are now shelling out $1,000+ every month. Blame sky-high prices, crazy interest rates, and longer loan terms (hello, 7-year car loans). People are putting less down, stretching their budgets, and still ending up underwater on their loans. If you thought your car payment was wild, you’re definitely not alone. Would you ever pay $1k a month for a car? #Cars #BuyingCar #CarPayments2835Share
stephanie30+Follow$1,000+ Car Payments Are the New Normal?!One in five people are now dropping over $1,000 a month just to drive their new car—wild, right? And get this: a record number are signing up for 7-year loans just to make it work. The average new car loan is now over $42k, and down payments are actually shrinking. Even used cars aren’t a total escape, with sky-high interest rates making those monthly payments sting. Is car shopping officially out of control? #Cars #BuyingCar #CarPayments25Share
lramsey+Follow$1,000 Car Payments?! It’s HappeningDid you know nearly 1 in 5 new car buyers are now signing up for $1,000+ monthly payments? Wild, right? People are stretching loans out to 7 years or more just to afford new rides, and the average car loan is now over $42k. Down payments are shrinking, interest rates are high, and 0% deals are basically extinct. Feels like everyone’s just trying to keep up, but it could cost way more in the long run. Are we heading for a car loan bubble? #Cars #BuyingCar #CarPayments3975Share
