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 paid $532 per month in the third quarter of 2025, according to Experian.

In the fourth quarter of 2025, 20.3% of new‑car shoppers agreed to monthly payments topping $1,000 — the highest share ever recorded.

Getting a new ride is exciting, but be sure you know what you're getting into if you have to borrow to buy one.

Dealer financing involves retailers originating loans, selling them to financial institutions, and benefiting from profit margins on interest rates.

There's no question that Americans love their cars. And with auto prices increasing, more of us are using some type of financing to get into the seat and out on the road. It's not just new vehicles, ...

There is no universal minimum credit score requirement, but a higher score will get you a better rate Written By Written by Staff Loans Writer, Buy Side Emily Sherman is a staff loans writer for Buy ...

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 ...

Compare auto lenders that work with low credit scores, and explore strategies to improve approval odds and reduce rates Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff ...

Cash-out auto refinancing might help you secure better loan terms and access a lump sum of cash, but there are drawbacks to ...

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, ...