The average car loan term is 68.48 months for a new car and 67.41 months for a used car, or close to six years, according to Experian data. The average length of auto loans for new and used vehicles ...
Average car loan interest rates have been on the rise in recent years, with new car financing rates continuing to inch up. Auto rate trends don’t point to big changes anytime soon, so take the time to ...
Discover the most competitive auto loan rates available in 2025, understand how to qualify and choose the best lender for your financing needs Written By Written by Staff Senior Editor, Buy Side ...
The Federal Reserve's recent 0.25% interest rate cut may make it cheaper for consumers to take out large loans. A lower interest rate can reduce the total amount paid on a car loan over its term, ...
Daniel Robinson is a writer based in Greenville, N.C. with expertise in auto insurance, loans, warranty options and more. Away from the keyboard, Daniel spends time with his wife and son, plays guitar ...