this post was submitted on 08 May 2026

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United States | News & Politics

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The average American car payment is now $680 a month — and millions can't keep up (fortune.com)

submitted 3 days ago by cm0002@mander.xyz to c/usa@midwest.social

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[–] WalleyeWarrior@midwest.social 5 points 2 days ago

Nobody has to buy them. Many will continue to be reposessed as people can't afford the payment, those who do not owe money on their cars will be unable to purchase another one when their current car dies. The car market is absolutely fucked and as has prices increase, spare parts become harder to find and replace at home, people will have no choice but to abandon their cars.