$1,000 car payments are becoming more common: Here’s where

LOS ANGELES - Four-figure monthly car payments were once rare. But with rising car prices, high interest rates, and longer loan terms, $1,000 auto payments are becoming a reality for millions of Americans.

A new LendingTree report found that 8.6% of Americans with active auto loans or leases had at least one $1,000 monthly payment in the first quarter of 2025. That’s already a significant chunk of borrowers—and 40.3% of those high-dollar loans were originated in 2024 alone, suggesting the trend is accelerating.

Where are $1,000 car payments most common?

By the numbers:

According to LendingTree’s analysis, these are the 10 states where the highest percentage of auto loan holders are making at least one $1,000 monthly car payment:

Texas – 12.8%

Nevada – 11.9%

Wyoming – 11.6%

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