Reported 2 days ago
In 2025, the average monthly car payment is projected to be $749 for new cars and $529 for used cars, reflecting a rise in car prices and financing challenges. Good credit scores remain crucial for securing favorable auto loan rates, especially as interest rates are increasing for many borrowers. Analyzing overall costs, including insurance, maintenance, and potential delinquencies, is essential for consumers budgeting for new or used vehicles. As the market fluctuates, buyers are encouraged to shop around for competitive rates and understand the long-term implications of their loans.
Source: YAHOO