$1,000 Car Payments are Increasingly Common, Especially in Georgia
Monday, July 27th, 2026
An increasingly high number of Georgia drivers are paying four figures a month just to keep their car payment current.
A new analysis from LendingTree found 12% of Georgians with an active auto loan have at least one monthly payment of $1,000 or more, the fourth-highest share of any state. Only Texas, Alaska and Wyoming rank higher.
Nationally, the number sits at 9.6% according to the report, which was based on roughly 180,000 anonymized credit reports from the fourth quarter of 2025.
A $1,000 payment eats up 14% of the median household’s monthly income nationwide.
Read more at AJC.
