Learn five strategies to reduce your car payment.

The biggest downside of an 84-month loan is the total interest you pay. Lenders typically charge a higher APR for long loans, but even if the interest rate matches a shorter-term loan, stretching ...

The rise in late auto loan payments is a symptom of an increasingly unaffordable vehicle market, experts say. Households with ...

“If you’ve got a low score but you have strong income and a good loan-to-value ratio, you can get refinanced,” Goodall said. Most lenders cap loan amounts at 125% of a car’s value. If your car is ...

Edmunds reports that a 60-month car loan is ideal, balancing payments and interest, while longer terms lead to higher costs ...

Borrowers with excellent credit are more likely to get the best interest rates and terms when refinancing an auto loan ...

Another financial quarter of American car loan data is in the books, and Edmunds has published its latest analysis on what the average loans look like for new and used vehicles. Perhaps unsurprisingly ...

8.6% of Americans with auto loans are paying $1,000 or more per month, and 40.3% of those loans were originated in 2024. High car payments are most common in Texas, Nevada, Georgia, and California.

Even with amortization periods as long as seven years, car payments are eating up a bigger chunk of household budgets ...