Disclosure: This post may contain affiliate links, meaning we earn a commission on purchases made through those links at no extra cost to you. As an Amazon Associate, I earn from qualifying purchases.

Disclaimer: The content on this site is for informational and educational purposes only and does not constitute financial, investment, legal, tax, or any other professional advice and should not be used as a substitute for professional advice. For more details, read our full Disclaimer.

Pie chart showing car loans, student loans and credit card displaying 1.61, 1.6 and 1.13 trillion dollars respectively
Household Debt per Federal Reserve Bank of New York
Pie chart showing amount of time driving in car each day at 4.2% and not driving at 95.8%
Average Car Payment and Auto Loan Statistics 2024 from LendingTree
Graph depicting the depreciation of a car versus saving in high yield savings account over 6 years. Car value decreases from $40,000 to $20,000 and savings increases from $0 to $55,000
Car Value Vs High Yield Savings Account Earning 3%
Common Vehicle Ownership Expenses
Total Monthly Vehicle Ownership Costs
Graph showing the total monthly costs of owning a car
48-month vs. 72-month Auto Loan