Serious delinquencies on auto loans rose to almost 3% in the fourth quarter of 2024, according to the New York Fed.

According to LendingTree, the average monthly car payment was a record-high $738 in the fourth quarter of 2023 (up 2.5% a year prior) and auto loan balances now stand at $1.61 trillion ...

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LendingTree said the average car loan term is between 67-68 months, with Americans taking out $184.2 billion in new auto loans during the third quarter of 2024. Anower Hosen and his family bought ...