Summary
More Americans are now signing car loans with monthly payments topping $1,000, a record high that reflects mounting affordability pressures in the auto market. In the fourth quarter of 2025, 20.3% of new-vehicle buyers financed four-figure monthly payments, up from 18.9% a year earlier, according to Edmunds data. Buyers are borrowing more and extending loans, with average financed amounts and extended terms at all-time highs. Used-car buyers are also increasingly taking on costly payments. Wealthier households dominate new-car sales, while lower-income buyers are largely priced out of the market.
Carscoops
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