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 ...

New data from the Federal Reserve Bank of New York found that auto loan approval rates are dropping for U.S. buyers. Of those ...

Fact checked by Betsy Petrick Key Takeaways Chase, Capital One, and Bank of America are among the lenders who provide loans ...

In January — three days before President Trump was inaugurated — the Consumer Financial Protection Bureau shared a proposal via the Federal Register to launch an auto-loan survey to collect a variety ...

An auto loan preapproval can help you navigate the car-buying experience more efficiently. Since a lender evaluates your financial situation and initiates a hard credit pull, getting preapproved gives ...

That does not mean the vehicles are submerged. In a sense, the drivers are. More than one in four trade-ins had negative equity in the third quarter of 2025, Edmunds reports. In auto industry parlance ...

America’s love affair with new cars is colliding with a financial nightmare. According to a new report from the Consumer Federation of America (CFA), total U.S. auto loan debt has ballooned to an ...

CARS.COM — Worried you won’t get that plum interest rate if you put off new or used car shopping a few months? If you’ve got a good credit score, we wouldn’t lose sleep over it. A new forecast from ...

Co-signing an auto loan is one of the most misunderstood topics in the car-buying process. If you have excellent credit, there’s a good chance that a friend or family member has asked you to co-sign a ...

Build positive equity in your car by using strategies such as making extra payments and refinancing your auto loan Written By Written by Staff Loan Writer, Buy Side Bob Haegele is a staff loan writer ...