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Record Car Payments Hit $760 Amid Soaring Auto Debt

12/24/2025

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Summary

Story summary

Americans face record car payments, with the average monthly cost reaching $760 in November 2025 as new-vehicle prices exceed $50,000.
To finance higher prices, nearly 31% of new-car buyers take loans of at least 72 months, with some reaching 100 months.
Total auto loan debt has risen to $1.66 trillion, while automakers offer more affordable models and the White House pushes cheaper car options.

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Story summary

Americans face record car payments, with the average monthly cost reaching $760 in November 2025 as new-vehicle prices exceed $50,000.
To finance higher prices, nearly 31% of new-car buyers take loans of at least 72 months, with some reaching 100 months.
Total auto loan debt has risen to $1.66 trillion, while automakers offer more affordable models and the White House pushes cheaper car options.