If you purchased a new car after Dec. 31, 2024, you can now deduct the interest you paid on the auto loan when you file your ...

The average car loan length is now about 69 months, per the latest Experian auto finance report — longer than last year and a sign that many buyers are spreading out their payments. But whether you ...

More new-car shoppers are taking on seven-year loans, a trend that underscores the rising cost of financing a vehicle. Seven-year loans made up 19.8% of all new vehicle financing by dealers in the ...

Average car loan interest rates range from 5.18% to 21.58%, based on factors such as your credit score, type of car and whether you’re buying a new or used car. In June 2025, the average car loan ...

Auto refinance rates start below 4% for qualified borrowers Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance editor for Buy Side. Edited By ...

The share of new-car buyers who pay $1,000 or more per month for their auto loans rose to a record 20.3% of all new vehicles financed in the fourth quarter, according to new data from car website ...

The average car loan term is 68.48 months for a new car and 67.41 months for a used car, or close to six years, according to Experian data. The average length of auto loans for new and used vehicles ...

More new-car shoppers are taking on seven-year loans, a trend that underscores the rising cost of financing a vehicle. Auto loans with terms of seven years or longer made up 22% of all new vehicle ...

Bi-weekly car loan payments can be a sound financial plan for some borrowers. With new car loans increasingly on the rise, this strategy has become increasingly relevant. The average amount financed ...

The average cost of a vehicle is not cheap by any means. A new car costs almost $48,759, while the average price of a used car is $26,446. Many consumers simply don’t have the cash to buy a car ...

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 ...

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 ...