Car buyers are facing higher costs for new vehicles, leading to increased monthly payments and longer loan terms, including 100-month options. The average price of a new car in fall 2025 exceeded $50,000, resulting in record-high monthly payments of $758. To make cars feel more affordable, buyers and lenders are stretching loans to unprecedented lengths, with one-third lasting at least 72 months. While longer loans lower monthly payments, they come with higher total interest costs and the risk of being underwater on the loan. Buyers should carefully consider if a longer loan is truly necessary and explore alternative options.

Read more at Yahoo Finance: With car prices going up, buyers are taking out 100-month loans to keep payments down. Why this may not be a good idea