More Americans Are Missing Car Payments!

America is heading into an economic crisis.

Y'all voted for this.

Car payments.

Giving billions to Israel is coming to head.

Americans including myself are working day to day and still not seeing the enjoyment of a paycheck. Now you are stuck between surviving or failing.

For the first time in over 30 years, Americans are falling behind in car payments.

And this is because of inflation, the loss of a job or an expensive medical bill.

President Donald J. Trump elected on the economy has not released any policies to help Americans when they are in need of crucial funds to own a home or a vehicle.

For the first time in my life, I am behind a set amount of savings. I am fiscally conservative and I now have to cut back on a lot of things. 

I am exhausted of working two jobs. Now I work one job and its not paying enough. I haven't had a vacation in years. I haven't seen my son in nearly a year. I am not happy at my job. I am not happy about the wages. I am burned out and I feel like there is no alternatives.

I had a better paying job but lost it nearly three years ago.

Private employers are tightening up on hiring. They are abandoning DEI and most Republican controlled states are "at will" employment.

With Americans losing their jobs, homes and livelihood, the next step is chaos.

The average new model vehicle cost $50,000 and most Americans are paying over $1,000 a month. The U.S. car buyer is tightening up.

Also the late payments are hitting every income bracket.

According to Fitch Ratings, 6.56% of subprime auto borrowers were are at least 60 days past due on their loans in January, the most since the agency began collecting the data in 1994.

The findings highlight the financial strain many Americans are feeling, as rising costs and high interest rates make it harder to keep up with their bills.

A recent report from the Federal Reserve Bank of New York also found more borrowers falling behind on their car payments. In the fourth quarter of 2024, the share of auto loans among all borrowers that transitioned into serious delinquency — 90 days or more past due — rose to 3%, the highest level since 2010.

“Higher car prices combined with higher interest rates have driven monthly payments upward and have put pressure on consumers across the income and credit score spectrum,” researchers at the New York Fed wrote.

The cost of buying a new car has risen more than $10,000 since the pandemic, from roughly $38,000 in January 2020 to more than $48,500 in January 2025, according to Cox Automotive data.

Elevated interest rates have added to the pain, pushing up the cost of financing in recent years.

The average monthly payment for a new car loan was $755 in January — down from the $795 peak in December 2022 but well above the $566 average in 2019, per Cox Automotive.

President Donald J. Trump’s tariffs could drive up car prices even further, by as much as $12,000, according to one analysis.

That concern was so widely held that Trump granted a one-month exemption on his new tariffs specifically for auto imports from Mexico and Canada.

Mexico and Canada are the top U.S. trading partners for both motor vehicles and parts, meaning Trump’s 25% tariffs could hurt consumers and automakers alike.

According to Fitch, those with higher credit scores, so-called “prime” borrowers, are faring a bit better when it comes to their car payments. In January, 0.39% of prime borrowers were at least 60 days past due on their car loans, up from 0.35% a year ago.

According to Bloomberg, Fitch defines subprime auto borrowers as those with credit scores of 640 or less.