alt Hacker NewsThe average monthly payment for a used car in the US in 2025 was $532, according to https://www.experian.com/blogs/ask-experian/average-car-paym.... This does not count insurance, taxes, parking, or gas.
A status symbol will easily run you $1000/mo. I currently pay $350/mo (including cost of capital), and I don't know how I would pay less for a car that's not actively falling apart. Chevy Spark, manual transmission, $7k KBB value, averaging 500 miles per month.
There's no shot that number isn't being driven up by people purchasing more car than they need. You can get a used car for $10,000 or less, there's no reason one needs to pay $500/mo.