Record-high car prices coupled with high interest rates are leading to huge monthly car payments for many Americans.

In the fourth quarter of 2025, 20.3% of new‑car shoppers agreed to monthly payments topping $1,000 — the highest share ever recorded.

The total shelled out on average for new vehicles also has hit an all-time high, with customers financing $43,759 and paying ...

Consider strategies like refinancing, selling your car and asking your lender for flexibility when trying to reduce your car payment Written By Written by Staff Loans Writer, Buy Side Emily Sherman is ...

While the majority of drivers still finance their vehicle with a loan, a share of drivers in the U.S. choose to lease. Leasing can have a few advantages over buying, such as more manageable payments ...

Edmunds is reporting record high new-car-financing amounts in the fourth quarter of 2025. According to the latest analysis ...

A record number of U.S. car buyers are now committing to four-figure monthly payments, according to new data from Edmunds. By the end of 2025, 20.3% of financed new-vehicle purchases came with a ...

Paying extra on the principal won’t lower your monthly car payment, but it does provide other benefits. Many, or all, of the products featured on this page are from our advertising partners who ...