U.S. Car Payments Average $760 as New-Car Prices Top $50K

U.S. car payments now average about $760 a month, as the average new-car price has passed $50,000, up 33% since 2020. To cope, more buyers are taking longer loans: one-third now finance cars for 72 months or more, with some stretching to 85–100 months. A $50,000 loan at 5% drops from about $950 a month […]