Editorial Note: Content was created in partnership with Money Research Collective. Cars.com receives a commission from the partner links contained within the content. By Kimberlee Leonard For most, ...

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. If you're ...

Auto loans can be a huge expense — the average American with a new car paid $748 per month, while the owner of a used car ...

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 ...

Beginning on 2025 tax returns, new car buyers might qualify for an above-the-line deduction of up to $10,000 in car loan interest in a year. Taxpayers will not be able to deduct interest on loans ...

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Editorial Note: Content was created in partnership with Money Research Collective. Cars.com receives a commission from the partner links contained within the content. By Kimberlee Leonard Often, ...

When you have some extra cash, it can be tempting to knock out debt — especially if it would put an end to a large monthly obligation, like a car payment. But is it the right move? See Next: I Asked a ...

Taxpayers who buy a new car assembled in the U.S. may be able to deduct up to $10,000 from their taxable income beginning in 2025. To help sort out the details, the IRS is rolling out additional ...