Discover how these extended terms trap buyers in negative equity and cost thousands more in interest over the long run.

Once considered rare, $1,000 car payments are fast becoming the new normal. Last quarter, nearly one in five new car buyers ...

Last quarter, nearly one in five new car buyers who financed their purchases took on monthly payments of $1,000 or more — a ...

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.