One of the best ways to avoid a massive debt burden is to buy a used car with cash. At the beginning of December 2025, the ...
U.S. consumers owe a record $1.66 trillion in auto loan debt, according to the Consumer Federation of America, making it the largest category of consumer debt after mortgages. Nearly one in five (19.3 ...
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Buying a car now feels a lot like taking out a mortgage — Americans are paying more than ever just to drive
In late 2025, fresh data from Experian reveals what many economists and consumers have long feared: buying a car in the United States now carries debt burdens more akin to a mortgage than to a ...
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What December's Fed rate cut means for your mortgage, credit card, auto loan, student debt and savings
The Federal Reserve cut interest rates by 25 basis points on Wednesday. The central bank’s December meeting decision could affect some of the borrowing and savings rates consumers see every day. The ...
DAYTON — Ohioans are facing financial strain as auto loan interest rates climb to nearly 11%, surpassing the national average of over 8%. Americans collectively hold $1.7 trillion in auto debt, ...
The rise in late auto loan payments is a symptom of an increasingly unaffordable vehicle market, experts say. Households with the lowest incomes are suffering the most. Auto loan debt is not yet at a ...
Student-loan forbearance offered many borrowers relief - but the resumption of payments is putting an additional strain on those with car loans Since federal student-loan repayment resumed, ...
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