Recent data from experts at Cox Automotive shows that Americans are still struggling with car payments. The number of defaults industrywide is up in the first half of 2024.

U.S. auto loan holders now pay $1,000 or more per month on at least one vehicle loan. 40.3% of these costly loans were ...

One in five car buyers in the second quarter agreed to a $1,000-a-month car loan payment and increasingly more are taking out seven-year-long loans.

Borrowers with low credit scores are falling behind on their car loan payments as inflation eats away at consumer spending power. A report from Cox Automotive found 1.89% of auto loans in January ...

Those higher payments have contributed to the nation's ballooning auto loan debt. Americans owed about $1.5 trillion in auto loans at the end of 2022, up from $1.46 trillion at the end of 2021 ...

Car buyers are paying more to finance new and used cars. Nearly 17 percent of buyers have a monthly payment of $1,000 or more. ... Car payments are $1,000 for a lot of consumers.

As of Oct. 31, TD Auto has sent 429,663 payments through its RTP network to 4,840 dealerships. Tesla did not respond to a request for comment. Auto finance represented the first use case for RTP at TD ...

Rising auto loan delinquencies indicate more car owners are struggling to make their car payment. If you're among them, here's what to do.

The big headline that's making the rounds is that folks are spending $1000 a month on a car payment.Yes, the market sucks, and cars are more expensive than ever, but that doesn't mean you have to ...

Car price, down payment, trade-in value, and loan term also determine how much you'll pay each month and overall. Understanding the economic and personal factors that impact interest rates can ...