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Car Loan Debt Surpasses Credit Cards in NC | Durham News
Car debt in North Carolina is exploding—by 2025, over 2.8 million residents will owe on vehicles, with average debt per person hitting nearly $6,000, surpassing credit cards and student loans. Rising car prices, fueled by pandemic supply chains and tech upgrades, force buyers into bigger loans. With car payments swallowing budgets, many take on side gigs or cut back elsewhere—because having a car is essential. When shopping, get pre-approved from your bank or credit union to negotiate smarter. Know the MSRP, haggle on both price and loan terms, and say no to unnecessary add-ons. Listen in…
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