The average monthly car payment is pushed to $772, a record high. Now, if you extend the car loan term to 6 to 8 years, for every five new cars financed, one loan’s monthly payment breaks $1,000. This isn’t a car loan—it’s a second rent. The debt burden and purchasing power flexibility of American households have already hit their limit. Liquidity squeeze has spread from mortgage loans to car loans; once the consumer side softens, the next step is corporate-side profit warnings. This is bad news for risk assets in both US stocks and the crypto market.