Auto Loans

Car Financing Costs Will Keep Rising This Year

Interest rates will continue climb, eating into inventory improvements’ effect.

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Auto Loan Payments, Rates Hit Record Highs

The average payment climbed to $717 in the fourth quarter of 2022, which is 50% higher than in 2010, according to Edmunds.

Car-Buying Grabbing More Wallet Share

Report shows car loan amounts, down payments rising along with interest rates.

Buyers Get FTC Refunds in Napleton Auto Case

Agency alleged that 8 dealerships charged illegal junk fees, discriminated against black buyers.

Another Interest Rate Hike Looms Large

Fed announces fourth consecutive ‘jumbo’ increase in effort to slow inflation.

Q3 Ally Car Loan Applications Down But Value Unchanged

CEO acknowledges that greater market woes may be on the horizon.

Small Business Lending Index for October Finds Loan Approval Rates Rose

While it’s a good sign that approval percentages continue to climb, we are still far below the levels we saw before the pandemic.

Americans are Borrowing Again

As auto loans and credit apps rise, it appears Americans are more willing to take on debt.

Millions Postponed Auto Loan Payments During Pandemic, But Most Loans are Current Today

TransUnion study finds borrowers used auto loan deferments as a safety net during the COVID-19 crisis.

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Auto Loan Interest Rates Hit 10-Year High

Edmunds says the average APR for a U.S. new-vehicle loan was 6.36% in March, putting dealers and consumers on the cusp of a ‘dramatic shift’ toward the used-car market.