Moneywise - Auto Loans

My car was repossessed after 6 months of missed payments with $20,000 still owing and I want to know if I responsible for that balance

Your lender may auction off the vehicle to try to recover funds, but you still may have a balance to pay.

The average car price in America is $50,000 — just $9,000 shy of the national annual salary. So why can’t US automakers make cheaper cars?

The average car now costs $50K, pricing many Americans out. Why can’t automakers produce affordable cars — and what does it mean for buyers?

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