Headline: UNCAPTIONED: Monthly Car Payments Reach Record High As Costs Continue To Climb
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Monthly Car Payments Reach Record High As Costs Continue To Climb. Car prices surged during the pandemic — and they still haven’t come back down. As a result, drivers across the US are paying more than ever for new and used vehicles. According to a new Experian report, the average monthly payment for a new car reached $748 in the third quarter of 2025. While that’s one dollar lower than the previous quarter, it’s twelve dollars higher than a year ago. The average loan amount now stands at more than $42,000. Payments vary widely depending on credit score. Near-prime borrowers, with scores between 601 and 660, are paying the most, nearly $800 a month on average. Super-prime borrowers pay the least, around $727. Deep subprime buyers face the highest interest rates, close to 16 percent, despite taking out smaller loans. For many consumers, high car costs show no sign of easing anytime soon.
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