Auto Loan Delinquencies Surge to 32-Year Record — The Average Monthly Payment + Insurance Will Shock You

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The American dream of car ownership is turning into a nightmare for millions. Subprime auto loan delinquencies have just hit their highest level in 32 years, a record that stretches all the way back to 1994, according to Fitch data analyzed by CarEdge. At the same time, the average monthly payment for a new car has soared to $774 per month. For many borrowers, that payment is landing on top of existing cre ...