Last year, data show Americans drove away from dealerships with more than 15 million new vehicles, with roughly 80% of buyers ...

I said I’d cosign my parents’ car loan — but they went to the dealer without me and got ripped off. What now?

Can you trade in a car whose loan you're still paying off? What about if you owe more than the car is worth? The answers will help you make smart decisions.

The typical interest rate on a new car loan rose to 8.95% in March, up from 5.66% in March 2022, according to Cox Automotive. For used cars, the rate hit 11.3% last month, up from 7.7% the year ...

The U.S. House of Representatives has passed President Trump’s sweeping tax bill, nicknamed the “Big Beautiful Bill,” which includes an above-the-line deduction of up to $10,000 in car loan ...

High loan rates mean monthly payments are soaring as well. In March, the average monthly payment for financing a new car hit $730 — the highest on record, according to Edmunds.

In fact, auto loan interest rates are the highest they’ve been since 2007, when the world was heading into a massive financial crisis. Rates average 7.4%, according to Edmunds, ...

More car owners have fallen into delinquency on their auto loan, according to February data from the New York Federal Reserve. Americans owe $1.6 trillion in auto debt, as of February, up $55 ...

Car loan defaults are on the rise, reaching an all-time high. Under the hood of this rising issue, many factors tie into the situation. First off, car prices are higher than they used to be.

The Redditor explained that he has been paying $610.10 per month on his auto loan, which has a 9.92% interest rate. He has 63 months left on his loan.

This year, credit card delinquencies have hit 3.8%, while 3.6% have defaulted on their car loans, according to credit agency Equifax. Both figures are the highest in more than 10 years.

It’s enough to leave any adult child fuming with frustration. You agreed to cosign a car loan for your parents with normal expectations — a limit on how much they’d spend, say $23,000, and ...