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Why Americans are suddenly paying $550 per month for new cars

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Valued Contributor

Re: Why Americans are suddenly paying $550 per month for new cars

I'm driving a 2007 Pontiac Torrent. I think they stopped selling them a day after I bought one. It only has about 20k on it. Don't drive a whoe a lot. Its nice not having payments. If I buy another one, it will be 2-3 years old, that's the value point. 

Amex Green • Amex BCP • Amex HH (Aspire®) • Barclay Rewards • Chase World of Hyatt • Chase FU • Capital One Quicksilver • Discover it • PENFED Platinum Rewards • Marvel MC • Amazon Store • Kohls Store • CL $109,330 • Car Loan (PENFED) 1.99% PAID

FICO® 8 Scores 805-812 FICO® 9 Equifax 806
Message 31 of 32
Valued Contributor

Re: Why Americans are suddenly paying $550 per month for new cars

I'm driving a 2007 Pontiac Torrent. I think they stopped selling them a day after I bought one. It only has about 20k on it. Don't drive a whoe a lot. Its nice not having payments. 

Amex Green • Amex BCP • Amex HH (Aspire®) • Barclay Rewards • Chase World of Hyatt • Chase FU • Capital One Quicksilver • Discover it • PENFED Platinum Rewards • Marvel MC • Amazon Store • Kohls Store • CL $109,330 • Car Loan (PENFED) 1.99% PAID

FICO® 8 Scores 805-812 FICO® 9 Equifax 806
Message 32 of 32