Average new car loan monthly payment at an all-time high l GMA

According to a new report from Cox Automotive, delinquencies have been climbing for the last three months, with the number of people behind on their car payments up 15.7% in July from a year ago.

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[ChocoBabiChan]

I'm gonna drive my beater till the wheels fall off. I'm not trying to pay a $300+ a month car note right now .

[salihalexanderesq.]

It's phenomenally tone deaf to show a 16 year old looking for a car.

[adrianhanna]

Videos like this only make me feel more proud of myself. I haven't had a car payment since Dec of 2011. I'm my own mechanic and professional detailer. I knew taking auto mechanics would be worth taking in high school for two years. I will drive my car and motorcycle till the engine explodes and the tires pop off. My car is a 2009 Toyota Celica with over 275k miles. Nothing major is wrong with my car after all these years and miles. I was raised to care for my stuff and it's paying off!

[otange]

Couldn't tell with everything else at an all time high

[outlawedmedia]

I bought a new car with a rate of 6.99% and that was with a credit score of 830. Insane!

[DougVandegrift]

That white haired lady looks like George Stephenilpokis’s mom

[HitsTownUSA]

I bought in the summer of 2019. Thank god!

[kylequintana]

My first vehicle was a 1985 ford econoline van that was crap brown and had carpet everywhere inside and i loved it. I wasnt worried about anything but being able to get around. It was a loaner vehicle from my grandpa that i ended up giving back after a year, then i bought my first vehicle for 500$. Why is it that kids now a days need something fancy....smh, why have things changed?

[ditherdather]

Very few networks want to say it aloud, but the reason unemployment is at an all time low is because people are working two and three jobs to make ends meet.

[jackcobbiii]

Our 20 Mitsubishi Mirage insurance now cost more monthly than the car payment;(

[John-wgjh]

Consumers are squeezing themselves. 😊

[NeighborhoodWatchMann]

You have to compromise. But the stakeholders at progressive, they get an 800% increase from 2023. Go check out how much Progressive stock has gone up! See now that's the thing, you are expected to take every single hit that there is, but God forbid they take a year where they only get 1% increase.

[shanicegrande]

that’s because they choose those. i got a car for 2500 and it’s been good for 2+ years now still working fine