3 Smart Ways to Lower Your Car Payment Without Buying a New Car

Struggling with a high car payment? Learn how to lower your monthly bill without trading in your vehicle.

Average car payments remain near record highs, but borrowers may be able to reduce their monthly bills with a few simple changes. Dreamstime/TCA

By Choncé Maddox From Kiplinger’s Personal Finance

Car payments have a way of creeping up on your budget. What once felt manageable can start to feel heavier over time, especially as higher interest rates, rising insurance premiums, and everyday expenses put more pressure on your monthly finances.