I Can’t Afford My Car Payment—What are My Options?
January 11, 2024
Refinancing gives you the opportunity to reduce your payment or get better loan terms. But is it good to refinance your car?
![Average Car Payment in the U.S. [2023]](https://credit.com/hs-fs/hubfs/CREDIT%20COM/web-assets/blog_images/blog/wp-content/uploads/2024/10/average-car-payment-hero.jpg?width=130&height=196&name=average-car-payment-hero.jpg)
Refinancing gives you the opportunity to reduce your payment or get better loan terms. But is it good to refinance your car?
Can’t pay your car payments? Learn more about the top eight options you have when you can’t afford your car payment.
Interested in purchasing a new vehicle but not sure how much you can afford? Read on to learn how to calculate your auto budget and your purchase options.
![Average Car Payment in the U.S. [2023]](https://credit.com/hs-fs/hubfs/CREDIT%20COM/web-assets/blog_images/blog/wp-content/uploads/2024/10/average-car-payment-hero.jpg?width=342&height=200&name=average-car-payment-hero.jpg)
The average car payment for new cars is $725, which is up 11.5% compared to 2022. Average used car monthly payments are $516. Learn more data points here.
![How To Get a Car Loan With Bad Credit [5 Steps + Tips]](https://credit.com/hs-fs/hubfs/CREDIT%20COM/web-assets/blog_images/blog/wp-content/uploads/2024/10/how-to-get-a-car-loan-with-bad-credit-hero.jpg?width=342&height=200&name=how-to-get-a-car-loan-with-bad-credit-hero.jpg)
To get a car loan with bad credit you’ll need to save up for a down payment, gather proof of income, shop for a loan, get preapproved, and find your car.
Can you get a loan for a used car if you're buying it from a private seller? The answer might surprise you.
Major auto repairs can hit your wallet hard. Find out about common car repairs, what they cost and how you can prepare for them.
Buying a car, whether used or new, requires a lot of careful planning. Here are the top 10 things to do after buying a used car.
What is a good interest rate? It depends on the type of loan you're considering. Find out what a good interest rate is for credit cards, mortgages and more.
Ivory bought a car at a dealership and drove it home. Fifteen days later, she received a letter saying that the loan had been denied. Here's her story.
