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Car-Buying Grabbing More Wallet Share

Sixteen percent of consumers who financed a new car in the fourth quarter have monthly payments of at least $1,000, a record. IMAGE: Getty Images/GrvPixels A new report quantifies the…

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. IMAGE: Getty Images Americans are making record payments…

Car Financing Costs Will Keep Rising This Year

Bankrate predicts that five-year new-car loans will reach 6.9% this year, four-year loans 7.75%. IMAGE: Tom Fisk Vehicle loan rates will continue to rise this year as the Federal Reserve…