New data from the Federal Reserve Bank of New York found that auto loan approval rates are dropping for U.S. buyers. Of those ...

In 2021, 91.7% of households had at least one vehicle, according to the latest U.S. Census data. Yet vehicle owners are paying the price, as supply shortages and soaring dealership prices force auto ...

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.

Car prices are still historically high and most people are financing their vehicle with auto loans. At the start of 2024, car payments averaged $735 a month for new vehicles and $523 for used vehicles ...

It could be wise to consider a different lender — or a different car. Money, Getty Images It’s a challenging time to get an auto loan if you have poor credit — but don’t lose hope of buying a car just ...

Imagine Kendra, who made a down payment on a car after budgeting for the loan payments, signed the agreement to purchase with ...

As car buyers face mounting affordability pressures, a significant shift is occurring in the automotive financing landscape.

An old rule of thumb in car-buying, known as 20/4/10, held that you should make a 20% down payment, cap your loan at four ...

Edmunds reports that negative equity occurs when car loans exceed vehicle value, impacting many buyers; strategies exist to ...

Build positive equity in your car by using strategies such as making extra payments and refinancing your auto loan Written By Written by Staff Loan Writer, Buy Side Bob Haegele is a staff loan writer ...