❗️As vehicle prices soar to record highs, the dream of affordable car ownership is being replaced by the reality of debt that lasts nearly a decade. With average monthly payments now crossing the $750 mark, lenders are increasingly offering 100-month loans to help consumers manage these staggering costs. While these extended terms lower immediate monthly obligations, they often leave drivers “underwater,” owing significantly more than the car is worth as it depreciates. Borrowers ultimately end up paying thousands extra in interest while facing major repair bills on a vehicle they still won’t fully own for years. Would you be willing to commit to a car payment for over eight years just to drive a newer model today? What are your thoughts? 🤔💭 #cars #usa #personalfinance