The Q3 Edmunds data below is horrifying. 25% of car loans were 84 months PLUS and average of almost 45k financed.

Just a thought:

If you need an 84 month car loan to buy a car you can’t afford it.

The Q3 Edmunds data below is horrifying. 25% of car loans were 84 months PLUS.

Average monthly car payment also reached a record high 🤦‍♂️ pic.twitter.com/efUXyHc5Ba

— QE Infinity (@StealthQE4) October 6, 2026

New-Car Interest Totals Hit All-Time High of Nearly $10,000 as 7-Year Loans Surge

Total cumulative interest on a standard new-vehicle loan reached an unprecedented average of $9,938. This escalation demonstrates that while monthly payments are being artificially suppressed by 84-month terms, the long-term capital drain on households is compounding into a massive systemic wealth tax.

Record 21.2% of New-Car Buyers Commit to Four-Figure Monthly Payments

Even with a quarter of buyers stretching terms to 7 years or more, more than 1 in 5 new-car shoppers are still stuck paying over $1,000 a month. This reveals that vehicle prices have completely outstripped normal income scaling, forcing households into a dangerous combination of maximum loan duration and crushing monthly outlays.

New-Car Financing Records Pile Up in Q3 as Average Payments Climb to $787

Average monthly payments across all new-vehicle loans rose to an all-time high of $787 despite interest rates holding flat at 7.0%. This highlights a deepening consumer debt trap where structural inflation in vehicle manufacturing is being entirely masked by reckless, long-term credit extension.