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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 ...
If your monthly car payment seems overwhelming, higher interest rates and vehicle prices may have contributed to your financial strain. Edmunds reported record-high payments in the last quarter of ...
More Drivers Facing Four-Digit Auto Loan Payments in 2024. More than 4% of drivers are sending four-digit payments to their lenders to pay down their auto loans each month, a full percentage point ...
For most Americans, the monthly car payment is a major budget item. The average car payment for new vehicles in the U.S. was $735 a month in the first quarter of 2024, ...
Multiply that figure by the initial balance of your loan, which should start at the full amount you borrowed. For the figures above, the loan payment formula would look like: 0.06 divided by 12 ...
If you're looking for a new vehicle, you've likely reviewed all your options after shopping around. You're finally ready to get into that new car, but there's just one thing stopping you: the car...
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