Taking on a car loan comes with a lot of responsibility. With Experian reporting that the 2024 average car payment for new and used cars sat at $734 and $525 per month, respectively, it's very easy ...

More than 1.2 million cars were repossessed in the United States in 2022, according to the Journal of Consumer Reports. 1 If your vehicle has been repossessed or you’re at risk of repossession ...

But what happens if you can't keep up with those monthly repayments? In the worst case, your car may be repossessed, as the finance company attempts to recover any outstanding costs from you.