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Title: The average term on a new car loan is $725 for 68 months.
Source: [None]
URL Source: https://citizenwatchreport.com/its- ... ping-trucks-suvs-at-huge-loss/
Published: Mar 31, 2025
Author: Horse
Post Date: 2025-03-31 16:13:37 by Horse
Keywords: None
Views: 21

That's insanity.

Owning a car has never been cheap, but now it’s becoming a financial trap. The average monthly payment for a new car loan has climbed to $725, with borrowers locked in for nearly six years. That’s before adding insurance, gas, maintenance, and unexpected repairs. At what point does it make more sense to ditch car ownership altogether?

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