These car buyers often resort to stretching their loans to 84 months (seven years) just to make the monthly payments work. One factor that's not working in favor of car buyers is the fact that 0% financing has essentially disappeared. During the pandemic, 24.2% of car buyers were able to lock in 0% financing, but that percentage has plummeted to just 1.2% since. Here are a few ways in which such car debt can affect your long-term wealth. This article originally appeared on Moneywise.com under the title: 1 in 5 new car buyers are stuck in a $1,000-a-month nightmare — and it's ruining their long-term wealthThis article provides information only and should not be construed as advice.