Trade in a car with negative equity and you may also face pressure to buy a more expensive car, leaving you with loan payments that are higher than ever. If you have $10,000 in negative equity and you ...

Your payment is calculated based on your chosen interest rate and repayment period. The type of loan (interest-only or amortizing) will determine the loan payment formula and how interest is ...

A longer car loan may lower your monthly payment, but it could cost you thousands more in interest. See how a 7-year loan ...

Knowing how much car you can afford can be tricky, especially for first-time buyers. But it’s important to run the numbers so you don’t end up with an unmanageable auto loan payment. Not everyone ...

Dana Menard Certified financial planner at Twin Cities Wealth Strategies Dana Menard is a Certified Financial Planner with over 20 years of experience in the financial services industry. He is the ...

The budget reconciliation bill, now signed into law, reintroduced an auto loan interest deduction and ended the electric vehicle (EV) tax credit. Many, or all, of the products featured on this page ...

Jeanine Skowronski is an editor, writer, and journalist with more than 15 years of experience in personal finance and business, including roles at Bankrate, CreditCards.com, and Policygenius. Her work ...

Beginning on 2025 tax returns, new car buyers might qualify for an above-the-line deduction of up to $10,000 in car loan interest in a year. Taxpayers will not be able to deduct interest on loans ...