DAILYCALLER (Spencer Lombardo) - Former Tricolor CEO Pleads Not Guilty To Alleged $800 Million Plot Handing Out Car Loans To Illegal Aliens
'over 50% of them didn't have a drivers license'
'over 50% of them didn't have a drivers license'
U.S. household debt, including mortgages, credit cards, auto loans and student loans, reached an all-time high of $18.8 trillion in the first three months of the year.
Americans financed nearly $44,000 on average for new cars in the first quarter, according to Edmunds.
Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing. But not everyone is eligible.
Rising vehicle prices, auto loan interest rates, and insurance and maintenance costs are making it harder for people to buy or keep cars.
Cars have become so expensive that many Americans are putting off or not buying new cars, hurting the auto industry.