Nearly 1/4 of new car buyers are now financing their vehicles for 7 years or longer. Find out how much extra interest you'll ...
New data from the Federal Reserve Bank of New York found that auto loan approval rates are dropping for U.S. buyers. Of those ...
As car buyers face mounting affordability pressures, a significant shift is occurring in the automotive financing landscape.
(NewsNation) — Americans with lower credit scores are falling behind on their car payments at the highest level in decades. A record 6.65% of subprime auto loans were at least 60 days past due in ...
Car prices are still historically high and most people are financing their vehicle with auto loans. At the start of 2024, car payments averaged $735 a month for new vehicles and $523 for used vehicles ...
Refinancing your car loan might save you money and lower your monthly payments Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance editor for Buy ...
On the surface, the economy looks like it’s holding up. The stock market is up, unemployment remains relatively low, and consumer spending hasn’t slowed much. But if you shift your focus to the road, ...
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 ...
Americans continue to fall behind on auto loan payments in the face of record-high car prices and high interest rates. A recent study by VantageScore found that auto loan delinquency rates have ...
The average monthly car payment is $749, according to experts. The average price of a new car was $50,080 in September, marking the first time the going rate of a passenger vehicle has exceeded ...
Edmunds reported the number of consumers who committed to a monthly payment of $1,000 or more when financing a used or new vehicle during the third quarter continues to be high, with a new record ...
When the Fed announces a rate cut, it feels like the kind of headline that should instantly make life cheaper. Lower rates? That must mean a lower car payment, right? Not so fast. This is one of the ...