Unscrambling the U.S Auto Debt Explosion #infographic

Waving a car is meant to make things even simpler. But while cars have become a modern necessity, it's an costly amenity for many. When cars are more costly, it is hard for U.S. buyers to keep up with the payments. And beyond rising prices, things like bad credit scores and Buy Here Pay Here (BHPH) dealerships ' strict loan stipulations don't help.

How do the car owners slip into the pit of endless loans? Within this article, we'll rundown statistics on auto loan debt and factors that make owning cars harder. We're also going to discuss how certain dealers use subprime car loans and what you can do to stop going underwater.

infographic by: www.carpaymentcalculator.net