Americans apparently owe $1.66 trillion in motoring-related debt, according to recent report

American drivers should buckle up for a shock as there’s a huge figure that the nation owes when it comes to motoring-related debt.

A new report revealed shocking figures with debt prices rising dramatically to $1.66 trillion due to a variety of factors.

From loan repayments to delinquencies, trends are mimicking those of the Great Recession.

But, it isn’t all bad as salespeople are sharing tips and tricks online to try and help drivers save cash where they can.

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Motoring-related debt is a seemingly big issue

Having a love of all things cars can be expensive, especially when it comes to owning your own vehicle.

From the cost of gas to insurance and maintenance, there is a lot to factor in, and now a new report has revealed that Americans supposedly owe a shocking $1.66 trillion in motoring-related debt.

The report, released by the Consumer Federation of America, revealed all as it delved into why motoring-related debt has skyrocketed into the trillions.

Many people simply cannot afford or justify buying a car outright, but there is the option of a loan to allow them to purchase their own vehicle instead.

However, when it comes to paying these amounts back, there are ‘delinquencies’ that occur.

“The problem is particularly pronounced for younger borrowers aged 18-29, who are transitioning into serious delinquency (90 days late or more) on their auto loans faster than older borrowers,” stated the report.

The figures don’t lie when it comes to the prices either, as a new vehicle reportedly sells for almost $50,000 with monthly payments of $745, and loans are coming in at over $41,000 for new cars.

Plus, a shocking 20 percent of car buyers are also reportedly paying at least $1,000 per month on their car alone.

In light of the facts, repossessions were found to be more prevalent, too.

“Cars are more expensive than ever, due in part to economic factors, but also due to the fraught experience of buying and financing a car,” the report explained as it shared that used car prices also rose 6.3% year-over-year in June of 2025.

The Covid-19 pandemic has also expectedly impacted this too, as people with credit scores that were better than expected are twice as likely to fall behind in paying their sums back.

“Delinquencies, defaults, and repossessions have shot up in recent years and look alarmingly similar to trends that were apparent before the Great Recession,” detailed the report findings.

Some salesmen try to help people avoid difficulty and share tips

So, we’re aware that car-related debt is on the rise, which isn’t the best news for people looking to take their test and buy a car right away.

But fear not, as some salespeople share handy tips and tricks to avoid gearheads spending unnecessary money and getting into difficulty.

One retired car salesman even revealed the perfect responses to several common car dealership questions to help you out when negotiating.

With used car sales proving to be a way to save cash too, another salesman cleverly explained that you should get one type of used car to ‘look rich’, after all, as the saying goes: ‘fake it ’til you make it’, right?

You can take a closer look at the consumer debt report here.

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