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 ...

The percentage of new car buyers opting for longer auto loans is increasing. The downside of lower monthly payments: ...

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 ...

Drivers buying new U.S.-assembled vehicles could unlock major tax savings in 2026. Trumps new tax law allows up to $10,000 in ...

One of the best ways to avoid a massive debt burden is to buy a used car with cash. At the beginning of December 2025, the ...

The sweeping GOP tax bill calls for an above-the-line deduction of up to $10,000 in car loan interest during a given taxable year. You'd pay no tax on that interest, if you qualified. The proposed tax ...

Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump’s new tax-cut law, many people for the first time also could claim a tax ...

Meanwhile, automobile prices have been steadily rising, which has made financing more costly for buyers. Since 2020, the ...

A larger proportion of new cars are being bought by affluent Americans as prices and interest rates for auto loans climb, ...

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