President Donald Trump rolled out the idea for a new tax break on car loans during a 2024 campaign stop in Detroit. Here's ...

A look at the "no tax on car loan interest" provision in the "Big Beautiful Bill" reveals key eligibility criteria. But the ...

Estimating your monthly payments using an online car loan calculator can give you a baseline number with which to work. 2. Check your credit. A credit check is usually required for a car loan.

Each number in the formula plays a key role. Yang believes you should put 20% down, finance a car for no more than four years, and ensure that your monthly car payments do not exceed 10% of your gross ...

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

Consumers are holding on to their cars longer due to rising new car prices, increased vehicle reliability and personal finance goals like avoiding monthly payments. Older cars are harder to finance ...

So far in 2025, average car prices are about $48,000, according to Kelley Blue Book, with interest rates for car loans hovering around an average of 8.64%. For a 5-year loan, that roughly ...

The sweeping GOP tax bill calls for an above-the-line deduction of up to $10,000 in car loan interest during a given taxable year. You'd pay no tax on that interest, if you qualified. The proposed ...

The average APR for a new car loan was 7.18%, according to Experian's State of the Automotive Finance Market report for the first quarter of 2024. The average APR for used car loans was 11.93% ...