To keep financing affordable in the face of rising costs, banks have leaned into longer loan terms. The average for a new car is now nearly 70 months (just under six years), suggesting that 72-month ...

Average monthly car payments are now brushing up against $750, turning what used to be a manageable line item into one of the most punishing pieces of the household budget. The shift is not just about ...

The average car loan interest rate is 6.35% for new cars and 11.62% for used cars, according to Experian's State of the Automotive Finance Market report from the fourth quarter (Q4) of 2024. If you're ...

Edmunds reports that a 60-month car loan is ideal, balancing payments and interest, while longer terms lead to higher costs ...

New car financing is available for under 4% APR for borrowers with high credit scores Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance editor for ...

New cars are expensive as hell — pretty much more costly than they have been at any point in history. That means monthly car ...