Electric Cars

Cars

Car Show

Car Maintenance

Racing

English

Cars

Car Payments Reach Unprecedented Levels: New Record High of $748 Monthly

Single Slide
The financial landscape for car buyers has become increasingly challenging, with monthly vehicle payments reaching new peaks. This trend is a direct consequence of escalating car prices, a phenomenon that intensified during the pandemic and shows no signs of abatement.

Navigating the Rising Costs of Vehicle Ownership

Soaring Costs: The New Reality for Car Buyers

The cost of purchasing a vehicle has seen a dramatic increase, a trend exacerbated by the global pandemic. Both brand-new and pre-owned automobiles are demanding historically high prices, a situation that appears to be the new norm for the foreseeable future.

New Car Payments Climb to Record Highs

An analysis by Experian for the third quarter of 2025 indicates that the average monthly payment for a new vehicle has reached $748. Although this figure represents a slight decrease of $1 from the previous quarter, it marks a $12 increase compared to the same period in 2024, with the typical loan amount standing at $42,332.

Credit Scores and Payment Disparities: Who Pays More?

While the overall average is high, individual payments vary based on creditworthiness. Borrowers categorized as "near-prime," with credit scores ranging from 601 to 660, face the highest average monthly payments at $793. In contrast, "super prime" borrowers (scores 781-850) enjoy the lowest payments at $727, closely followed by "deep subprime" buyers (scores 300-500) who also pay around $748 monthly.

Interest Rates and Loan Amounts: A Deeper Dive

Deep subprime borrowers not only incur the highest interest rates, averaging 15.85%, but also typically secure the smallest new car loans, averaging $35,286. Conversely, near-prime borrowers tend to finance the largest amounts for new vehicles, with an average loan of $44,526.

Credit Score RangeAverage New Monthly Car PaymentAverage New Auto Loan Interest RateAverage New Auto Loan AmountAverage New Loan Terms (Months)
Super Prime (781-850)$7274.88%$40,53464.80
Prime (661-780)$7546.51%$44,48072.21
New Prime (601-660)$7939.77%$44,52675.03
Subprime (501-600)$78013.34%$39,84174.30
Deep Subprime (300-500)$74815.85%$35,28672.66

Used Car Market: Elevated Prices and Payments Persist

The market for pre-owned vehicles has mirrored the new car segment, with prices continuing to rise in recent years. This has resulted in average monthly payments of $532 for a $27,128 loan in the last quarter. Similar to new car purchases, several factors influence the payment amount for individual buyers.

The Impact on Used Car Buyers: Deep Subprime at a Disadvantage

For used cars, deep subprime buyers face an average monthly payment of $556, which is $29 higher than the $527 paid by super prime buyers. Over a year, this translates to an additional $348. These buyers also contend with the highest interest rates, at 21.60%, for an average loan of $21,149.

Strategic Financing: A Key to Affordable Car Ownership

The current market makes both car acquisition and financing a complex endeavor. A borrower's credit score significantly impacts not only the type of vehicle they can afford but also their monthly financial commitment. It is highly recommended to explore financing options thoroughly before beginning the search for a new or used vehicle to ensure a sound financial decision.

Hyundai Hints at its Largest Electric Vehicle Ever, Speculated to be an All-Electric Staria
Cars

Hyundai Hints at its Largest Electric Vehicle Ever, Speculated to be an All-Electric Staria

2026 Nissan Pathfinder Interior: Enhanced Comfort and Technology
Cars

2026 Nissan Pathfinder Interior: Enhanced Comfort and Technology

Decoding Used Car Listings: Essential Tips for Smart Buyers
Cars

Decoding Used Car Listings: Essential Tips for Smart Buyers

Cars

Ram Issues Recall for HD Trucks Over Airbag and Traction Control Malfunctions

Slide 2
Slide 1
Slide 2
Slide 1

Ram has announced a significant recall affecting more than 52,000 heavy-duty pickup trucks from its 2025 lineup. The primary concern revolves around a defective Occupant Restraint Control (ORC) module, which could lead to critical safety system failures. This malfunction poses a serious risk by potentially disabling both the traction control and airbag systems, thereby elevating the likelihood of collisions and passenger harm. The automaker plans to address this issue by providing a software update for the ORC module, ensuring that all affected vehicles meet safety standards and mitigate potential dangers for drivers and passengers.

This recall underscores the importance of stringent quality control in vehicle manufacturing and highlights the continuous efforts by regulatory bodies like the National Highway Traffic Safety Administration (NHTSA) to safeguard public safety on the roads. For vehicle owners, timely attention to recall notices and prompt action in seeking necessary repairs are crucial steps in preventing accidents and ensuring the reliable operation of their trucks.

Understanding the Ram HD Truck Recall

Ram has launched a recall impacting 52,565 heavy-duty pickup trucks from its 2025 model year fleet. This action is prompted by a significant issue concerning the Occupant Restraint Control (ORC) module, which, if faulty, can lead to the incapacitation of crucial safety systems. Specifically, the defect may cause the traction control system to shut down and the driver's airbag to become non-operational, thereby contravening established federal safety mandates. The affected truck series include the Ram 2500, 3500, 4500, and 5500 models, all of which are subject to this urgent safety measure to prevent potential hazards on the road.

The root of this problem lies in the ORC module's potential to transition into an offline state during vehicle operation. When this occurs, the Electronic Stability Control (ESC) system may also disengage automatically, which is a direct violation of federal safety regulations and significantly heightens the risk of a crash. Furthermore, an inactive ORC module means the driver's airbag might not deploy in the event of an accident, drastically increasing the probability of severe injuries. Ram has initiated the notification process for dealerships, and vehicle owners are expected to receive official recall letters by mid-January. The proposed solution involves a software update to the ORC module, aiming to rectify the defect and restore full functionality to these vital safety features.

Impacts of the ORC Module Malfunction

The failure of the Occupant Restraint Control (ORC) module in the recalled 2025 Ram HD trucks has direct implications for vehicle safety. There are no preliminary warnings before the ORC module fails, which means drivers could be operating their vehicles without crucial safety systems. Once the module goes offline, however, drivers will notice multiple warning lights illuminate on the instrument panel, including those for the airbag, Anti-lock Braking System (ABS), and seatbelt, signaling the system's malfunction.

Ram is committed to resolving this safety issue promptly. Dealerships have already been informed about the recall, preparing them to handle the influx of affected vehicles. Owners of the affected Ram 2500, 3500, 4500, and 5500 trucks will be notified by mid-January. The repair process involves a software flash to update the ORC module, ensuring that the traction control and airbag systems function as intended, thereby restoring the vehicles to federal safety compliance and ensuring the well-being of occupants.

See More
2026 Nissan Pathfinder Sees Price Hike Amidst Upgrades
Cars

2026 Nissan Pathfinder Sees Price Hike Amidst Upgrades

2026 Honda Civic Si Versus 2026 VW Jetta GLI: A Comparative Review
Cars

2026 Honda Civic Si Versus 2026 VW Jetta GLI: A Comparative Review

Underrated Gem: The 2003 Toyota Celica GT-S
Cars

Underrated Gem: The 2003 Toyota Celica GT-S

Cars

2026 Nissan Pathfinder: Design Evolution and Performance Insights

Slide 5
Slide 1
Slide 2
Slide 3
Slide 4
Slide 5
Slide 1

The 2026 Nissan Pathfinder enters the market with a refreshed look and upgraded technology, striving to maintain its competitive edge in the bustling three-row SUV segment. Despite no major mechanical overhauls, the design enhancements and interior improvements aim to make it a more appealing option. While competitors offer more advanced powertrains and luxurious interiors, the Pathfinder distinguishes itself with an attractive price point, especially for its well-equipped Platinum all-wheel-drive variant. It continues to be a solid choice for buyers seeking a spacious and functional family vehicle without breaking the bank.

Nissan has introduced a series of exterior and interior updates for the 2026 Pathfinder, designed to enhance its aesthetic appeal and technological offerings. These changes aim to refine its presence in a highly competitive market, where it seeks to offer a compelling balance of features, utility, and value. The vehicle's enduring appeal in sales and profitability for Nissan underscore its significance in the lineup, positioning it as a practical choice for a broad range of consumers.

Enhanced Aesthetics and Interior Refinements

The 2026 Nissan Pathfinder showcases a refined exterior with a more assertive front fascia, complementing its rugged yet elegant profile. New wheel designs and an exclusive Baltic Teal paint option provide fresh aesthetic choices, while interior enhancements include upgraded materials that elevate the cabin's ambiance. Though not reaching the luxury levels of some rivals, the top-tier Platinum model offers premium leather upholstery, surpassing certain competitors. The infotainment system receives a larger 12.3-inch screen, and a re-engineered wireless phone charger addresses previous overheating concerns while offering faster charging speeds. The Rock Creek trim, specifically, offers a blend of rugged capability and improved comfort through an optional Premium package.

Nissan's latest Pathfinder refresh brings a series of subtle yet impactful changes designed to boost its appeal. A sharper front design and new wheel options contribute to a more contemporary and distinctive look. Inside, while it may not match the opulence of high-end competitors like the Hyundai Palisade or Mazda CX-90, the Pathfinder Platinum trim distinguishes itself with superior leather appointments compared to models like the Honda Pilot or Toyota Grand Highlander. The central infotainment display has grown to 12.3 inches, offering easier navigation, though some controls remain somewhat small. Furthermore, a redesigned wireless charging pad not only prevents device overheating but also delivers quicker power-ups, enhancing user convenience. For those seeking adventure, the Rock Creek variant offers an optional Premium package that includes a panoramic sunroof and heated steering wheel, adding comfort to its off-road prowess. The overall interior design strikes a balance between practicality and enhanced material quality, ensuring a comfortable and connected experience.

Powertrain and Driving Dynamics

The 2026 Pathfinder retains its robust 3.5-liter V-6 engine, producing 284 horsepower (295 hp in the Rock Creek trim) paired with a nine-speed automatic transmission. While reliable and adequately powerful, this powertrain faces increasing competition from more fuel-efficient turbocharged four-cylinders and hybrid systems. The Rock Creek model, with its all-terrain tires and standard all-wheel drive, provides enhanced off-road capability but introduces noticeable tire noise and a slightly less precise steering feel compared to the Platinum model. Despite these minor drawbacks, the Pathfinder's driving experience is competent, and its competitive pricing remains a key differentiator in the crowded mid-size SUV market.

Under the hood, the 2026 Nissan Pathfinder continues to utilize its familiar naturally aspirated 3.5-liter V-6 engine. This powerplant delivers 284 horsepower, with the off-road-oriented Rock Creek trim getting a slight boost to 295 horsepower and an additional 11 pound-feet of torque. This engine is mated to a nine-speed automatic transmission, a combination that provides sufficient power for daily driving and occasional spirited acceleration. However, in an era where many rivals are adopting more advanced turbocharged four-cylinders or hybrid setups, the Pathfinder's traditional V-6 can feel somewhat outdated, especially in terms of fuel efficiency. The Rock Creek trim, designed for more adventurous excursions, features standard all-wheel drive, all-terrain tires, and distinct rugged styling cues. While these additions enhance its off-road capabilities, they do result in increased road noise from the knobby tires and a slight reduction in steering precision compared to the smoother-riding Platinum model. Despite these considerations, the Pathfinder offers a balanced and capable driving experience, especially given its attractive entry price point, which makes it a compelling option for those prioritizing value in a three-row SUV.

See More