Payments for new cars just hit a record high. This is what you should spend.
The average monthly payment for a new vehicle in 2015 was $491. Average amount financed: $28,769. Now, about 10 years later, the average monthly payment in the fourth quarter of 2025 hit an all-time high of $772, and the typical amount financed also hit a record $43,759, according to Edmunds. Longer loan terms, buyers paying…