Truck purchases are driving up the average cost of car payments. Some buyers pay over $1,000 a month for a truck, depending upon the model and features. This can cause car buyers to take on larger payments than they may have considered originally, as they try to buy something more practical than a truck but still have the same monthly cost. This trend is also causing more car buyers to take out longer-term loans in order to purchase cars, increasing the amount of time they spend making payments and the amount of interest they pay.
Truck purchases are driving up the average cost of car payments. Some buyers pay over $1,000 a month
