If you purchased a new car after Dec. 31, 2024, you can now deduct the interest you paid on the auto loan when you file your ...

In the fourth quarter of 2025, 20.3% of new‑car shoppers agreed to monthly payments topping $1,000 — the highest share ever ...

Even affordable new and used cars are relatively expensive. While the best way to purchase a car is to pay for it in one lump sum, going this route is often not possible for many shoppers. To make the ...

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 ...

Average car loan interest rates range from 5.27% to 21.58%, based on factors such as your credit score, type of car and whether you’re buying a new or used car. In September 2025, the average car loan ...

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 ...

When your car payment outlasts who was in office when you bought it, you know we’ve entered a troubling era of automotive financing. Remember the time when a four-year car loan felt like forever? In ...

Auto refinance rates start below 4% for qualified borrowers Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance editor for Buy Side. Edited By ...

New car prices have reached record numbers in 2025. Average monthly car payments have also increased, but you can reduce payments using "20% rule". Auto loan interest can cost car buyers thousands of ...

Prices for new or used cars may have fallen in the past year, but the overall cost of owning a vehicle is growing even more expensive. That's because extra costs associated with having a car, like ...

The Federal Reserve's recent 0.25% interest rate cut may make it cheaper for consumers to take out large loans. A lower interest rate can reduce the total amount paid on a car loan over its term, ...

Paying for a car in cash is often considered a savvy financial move. After all, skipping an auto loan and avoiding expensive monthly payments is a textbook example of disciplined money management.