Owning a car should make life much easier. But while automobiles have become a modern necessity, for others, it’s a costly amenity.

This infographic, courtesy of CarPaymentCalculator.net, shows how automotive debt has grown rapidly due to rising vehicle prices, longer loan terms and consumers increasingly opting to trade in vehicles with negative equity.

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Unscrambling the U.S. Auto Debt Explosion

David Wallace

David Wallace

David Wallace is a search & social media marketer who lives in Ahwatukee Arizona with his lovely wife. Interests & hobbies include all things Disney, roller coasters, musicianship and Christianity.

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