Learn five strategies to reduce your car payment.

Car payments can eat up a huge chunk of your monthly budget. According to Experian’s State of the Automotive Market report in late 2024, the average new car payment has ballooned to $737. Read Next: 4 ...

If you are struggling to keep up with your monthly car payment, you’re not alone. Credit rating agency Fitch Ratings 1 found that 6.1% of subprime borrowers (those with a credit score between 501-600) ...

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Car insurance premiums have increased by 84% from 2020 to 2025, according to the Consumer Price Index from the U.S. Bureau of Labor Statistics. Shopping around and comparing quotes can lead to ...