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The average payments right now are over $700 a month and a record number of paym...

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📅 12.02.2026 · Car Loans Are Keeping You POOR · 👁️ 1

"The average payments right now are over $700 a month and a record number of payments are now over $1,000 a month."
Factual claim 💰 Economy AI assessment confidence: 90% 🌍 Global Source on YouTube

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Oryginał w języku Angielskim Open on YouTube

The average person keeps a car the length of the loan that they have. So, as soon as the loan is paid off, the average person turns the car in and they get a new payment. The average payments right now are over $700 a month and a record number of payments are now over $1,000 a month. Could you imagine spending $1,000 plus a month on a car to get you from point A to point B when a year of those payments buys you a great car outright and you never have to make a payment ever again?

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