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2. Car Loan Debt Is Soaring — Here’s What You Should ... - AOL

   www.aol.com/finance/car-loan-debt-soaring...

   Nationwide, auto loan debt reached nearly $1.6 trillion in the third quarter of 2023, a $71 billion increase from the previous year, according to the Federal Reserve Bank of New York. Not only is ...

3. Can’t Afford Your Car Payment Anymore? 9 Things You ... - AOL

   www.aol.com/finance/t-afford-car-payment-anymore...

   A 2023 report from Moody's Investors Service indicates that new auto loan delinquencies are on the rise. In the second quarter of 2023, the delinquency rate for new auto loans climbed to 7.3%, up ...

4. I Was a Car Salesperson: 4 Tips To Save on Auto Payments in 2024

   www.aol.com/finance/car-salesperson-4-tips-save...

   I Was a Car Salesperson: 4 Tips To Save on Auto Payments in 2024. Laura Beck. April 29, 2024 at 4:01 AM. With annual inflation rates high and only getting higher, many car buyers are feeling the ...

5. How to calculate loan payments and costs - AOL

   www.aol.com/finance/calculate-loan-payments...

   For the figures above, the loan payment formula would look like: 0.06 divided by 12 = 0.005. 0.005 x $20,000 = $100. In this example, you’d pay $100 in interest in the first month. As you ...

6. Average auto loan debt grew 5.2% in 2023. How will it affect ...

   www.aol.com/average-auto-loan-debt-grew...

   Average auto loan balance grows 5.2%. Average outstanding auto loan debt balances increased by 5.2% to $23,792 from Q3 2022 to Q3 2023—less than the 7.7% increase from 2021 to 2022, but still ...

7. How Car Loan Charge-Offs Work - AOL

   www.aol.com/car-loan-charge-offs-171400504.html

   A car loan charge-off occurs when a lender moves an auto loan during accounting from the asset category to the liability category. Lenders charge off an auto loan when the borrower stops making ...