Auto loans can be a huge expense — the average American with a new car paid $748 per month, while the owner of a used car ...

Key Takeaways More than one in five car loans now run seven years or longer.Longer loan terms may reduce monthly payments, but they also increase the total cost and the risk.If you can’t pay off your ...

Paying off your auto loan early isn’t just a smart financial move—it can save you thousands in interest and help you gain financial freedom faster. By using simple but effective strategies, you can ...

More new-car shoppers are taking on seven-year loans, a trend that underscores the rising cost of financing a vehicle. Auto loans with terms of seven years or longer made up 22% of all new vehicle ...

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

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 ...

You’re more likely to find rates below 5% when you have a higher credit score Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance editor for Buy Side ...

Most auto lenders know their transaction fees down to the penny. Far fewer can tell you what a failed payment actually costs. Why? Because the expenses hide beh ...

Compare auto lenders that work with low credit scores, and explore strategies to improve approval odds and reduce rates Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff ...

Cash-out auto refinancing might help you secure better loan terms and access a lump sum of cash, but there are drawbacks to ...

Editorial Note: Content was created in partnership with Money Research Collective. Cars.com receives a commission from the partner links contained within the content. By Kimberlee Leonard For most, ...