Like everything else, new-car prices keep rising. While the average price of a new car continues to hover around $50,000, the amount people finance, and for how long, is increasing.
A new report from Edmunds reveals that borrowers took out larger loans last quarter to finance their vehicle, averaging $44,664. That’s up from $44,156 in the second quarter of 2026 and from $42,744 a year ago, but that’s not all.
