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 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 ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Brendan is a full-time senior editor of financial products and services at ...

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. This article explores various car financing options ...

What Is No or Low Credit Financing? When buying a car, most people need financial assistance to afford the vehicle, and lenders typically assess the borrower's creditworthiness based on their credit ...

Review your credit report, know your credit score and, yes, freeze your credit before stepping on a car dealer's lot. Dealer-arranged financing is convenient but it will limit your options. Typically, ...

Forbes contributors publish independent expert analyses and insights. Michael Harley is a noted automotive industry expert and analyst. New vehicles, chock-full of innovative technology and premium ...

That is why consumer advocates warn that the new era of 100-month car loans is less a solution to high prices than a ...