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Car payments squeeze Americans as auto debt hits $1.68 trillion, report finds
Auto debt has swelled to $1.68 trillion, a new analysis finds. Americans face costlier vehicles, higher interest rates and lengthier loan terms.
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cnbc.com
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Car payments squeeze Americans as auto debt hits $1.68 trillion, report finds
Auto debt has swelled to $1.68 trillion, a new analysis finds. Americans face costlier vehicles, higher interest rates and lengthier loan terms.
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Why one of the nation's largest auto lenders isn't worried about high vehicle prices or 'forever loans'
While median car payments have jumped from $390 to $525 since 2019, data provided by Capital One suggests stability in vehicle cost compared to income.