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Car shoppers are borrowing for longer than ever, and the numbers show it.The Short AnswerMost U.S. car buyers now spend close to six years paying off a vehicle.New cars: about 69.5 months on averageUsed cars: ...

Sometimes, you might face tough times like losing your job or dealing with a medical crisis. It can be stressful, especially if you have a car loan to pay and fear that you might fall behind. But don't worry, some banks and lenders h...

If your monthly auto loan payment feels like a heavy burden, you are not alone. According to data from Experian’s State of the Automotive Finance Market report, average monthly payments for new vehicles r...

Drivers struggling under high-cost subprime auto loans may finally be getting a breather. A coalition of 41 attorneys general, led by officials including Michigan Attorney ...

The pandemic has wrought significant economic upheaval, compelling lenders to revisit their policies and extend support to borrowers struggling with financial obligations, including auto loans. In this dyn...

The IRS and U.S. Department of the Treasury recently issued final regulations on deducting auto loan interest payments, but industry advocates say the rules fall short of expectations. While the po...

Buying a new car in America is getting harder for anyone without a big financial cushion. High prices and expensive loans are squeezing everyday shoppers.Meanwhile, well-off households are keeping showroom traffic alive. Cox Au...

If you have lost your job, dealt with a medical emergency, or faced a large unexpected expense, keeping up with car payments can be difficult. Luckily, many lenders offer auto loan hardship programs to help you...

If you’re looking to lower your monthly car payments or save money on interest, refinancing your auto loan with Navy Federal Credit Union could be a great move. Currently, they are offering a $200 bonus if you switch you...