Customers are stretching to the breaking point
Published Jul 7, 2026, 10:46 AM EDT
Customers are stretching to the breaking point
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Published Jul 7, 2026, 10:46 AM EDT
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To paraphrase the classic folk song, “Sixteen Tons,” many motorists are finding themselves “another day older and deeper in debt.”
As car prices continue to rise, Americans are turning to longer loans and affordable models to stay within budget, reshaping the…
Longer auto loans can lower the monthly payments, but three key trade-offs are worth weighing before you buy.
With the amount financed reaching an all-time high, more car buyers are stretching out their loans to at least seven years to…
While median car payments have jumped from $390 to $525 since 2019, data provided by Capital One suggests stability in vehicle…
According to Q1 2026 data, nearly a third of buyers are relying on longer loan terms to afford new and used cars.
