Douglas Hughes+Follow$1,000 Car Payments Are the New Normal?!Car payments are getting wild—over 15% of new car buyers are now shelling out $1,000+ a month, and even used cars aren’t much cheaper. Loan terms are stretching past 72 months, and refinancing is booming as people try to keep up. Delinquencies are ticking up too. Basically, cars are pricier than ever, but that’s not stopping anyone from signing up for jaw-dropping monthly bills. How long until $1,000 payments are just... standard? #Cars #BuyingCar #CarLoans01Share
Lisa Guerrero PhD+FollowWould You Lock Into a 7-Year Car Loan?Car prices are so wild right now that nearly a quarter of Americans are signing up for 7-year (or longer!) car loans just to keep monthly payments reasonable. Six-year loans are the new normal, and some people are even going for 8 years. But here’s the catch: longer loans mean more interest and a bigger chance you’ll owe more than your car is worth. Are these ultra-long loans a smart move or a financial trap? #Cars #BuyingCar #CarLoans1116Share
Kathryn Olsen+FollowAre You Paying Too Much for Your Car?Car owners, listen up: about 1 in 4 people trading in their car right now owe more than their ride is worth. That means a lot of folks are rolling old debt into new loans, leading to sky-high monthly payments—think $915 a month! This all started when car prices and interest rates shot up after 2020. If you’re thinking of swapping cars, check what you owe versus what your car’s worth before you sign anything. It could save you thousands! #Business #MakeMoney #CarLoans86Share
Joshua Andersen+FollowCar Loans Are Becoming a Debt TrapCar buyers are getting hit hard—over 1 in 4 people trading in their cars owe more than their ride is worth, and they’re rolling that debt into their next loan. That means some folks are paying $915 a month just to keep up! High prices and crazy loan rates are making it way too easy to get stuck in a never-ending cycle of car debt. Tax breaks? Not enough to save you here. #Cars #BuyingCar #CarLoans7091Share
johnny12+FollowTrading In a Car With a Loan? Read This!Ever wondered if you can swap your car before paying it off? You totally can, but here’s the catch: if you owe more than your car’s worth (aka negative equity), you might end up rolling that debt into your next loan. That means higher payments and a cycle that’s hard to break. If your car’s worth more than what you owe, you’re golden—use that as a down payment! Just watch out for sneaky prepayment penalties. Don’t let a shiny new ride trap you in endless debt! #CarBuyingTips #FinanceHacks #CarLoans #Cars #BuyingCar00Share
