Auto loans are a type of installment loan that split a car purchase into monthly payments over a period of years, which can make a new or used car more affordable. Auto loan terms typically run from ...
Aim to spend no more than 10% of your monthly take-home pay on a car payment, but you may have flexibility. Many, or all, of the products featured on this page are from our advertising partners who ...
Auto Link continues to build on its strategic partnership with Auto Financial Group (AFG). According to a news release distributed on Wednesday, AFG clients can now leverage Auto Link’s widget ...
Brai is the founder of SW4 Insights, a public policy advisory firm based in Washington D.C. He has over a decade of experience as a journalist and consultant covering finance and economic policy, with ...
A longer car loan may lower your monthly payment, but it could cost you thousands more in interest. See how a 7-year loan compares to a 5-year loan.
If you want to save money on your auto loan or pay it off sooner, adjusting the amount you pay per month can help. This car loan payoff calculator can show you those potential savings and highlights ...
Rachel Witkowski is an award-winning journalist whose 20-year career spans a wide range of topics in finance, government regulation and congressional reporting. Ms. Witkowski has spent the last decade ...
Though they’re not (currently) a thing, even if car loans did go as long as 15 years, here’s why it wouldn’t be a great idea.
A 2023 report from Moody’s Investors Service indicates that new auto loan delinquencies are on the rise. In the second quarter of 2023, the delinquency rate for new auto loans climbed to 7.3%, up from ...
What's My Car Worth? How do you calculate my car’s value? To estimate your car’s current market value, MotorTrend taps into the expertise of Black Book, a trusted name in automotive valuation used ...
When financing a new or used vehicle, making a down payment is a wise move. Putting money toward your loan up front helps build equity more quickly and results in less interest and lower payments.
The average American spends $725 on their monthly payment for a new vehicle, according to Experian’s data from earlier this year. This is a $75 monthly increase from the previous year. While used ...