<ul><li>New car buyers in the U.S. are taking out auto loans with high interest rates to afford new vehicles.</li><li>Loan terms are getting longer, with 7-year car loans hitting an all-time high in the first quarter of 2025.</li><li>Buyers are stretching out their loan payments to lower monthly payments, but some are still paying over $1,000 a month.</li><li>Amidst high loan APRs and missed car payments, auto repossessions have surged to levels not seen since the Great Recession.</li></ul>

Buyers Are Taking Out Scarier Loans to Afford New Cars

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