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

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.

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.

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 ...

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 ...

That's lower than the overall loan rejection rate of nearly 22%, but it's still up from 9% just four months earlier, and it marks the highest likelihood of auto loan rejection in recent history.

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.

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 ...