Car Buying and Maintenance Advice

This topic covers comprehensive advice and insights for consumers looking to buy a new or used car, including financing options, avoiding common pitfalls, and understanding market trends. It provides guidance on evaluating vehicle prices, the pros and cons of buying older models, and navigating the complexities of car loans. Additionally, it offers tips on maintaining vehicles, handling recalls, and the importance of extended warranties. The content also touches on emerging trends like electric vehicles and the evolving car buying process influenced by technology and market conditions.

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$1,000 monthly car payments signal strain for new-car buyers

Look out! Longer terms leave owners vulnerable to higher costs, negative equity

July, 2nd, 2025 By Truman Lewis

Nearly 1 in 5 new-car shoppers in Q2 2025 committed to $1,000+ monthly payments — the highest share ever recorded.

Average new-vehicle loan amounts and loan terms hit new highs as buyers stretch budgets amid steep interest rates.

Analysts warn longer loans could leave owners vulnerable to higher costs and negative equity.

American new-car buyers are increasingly driving off the lot with staggering monthly payments, as affordability challenges push shoppers into record-break...

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