The current average auto loan interest rates across all credit profiles range from 5.25% to 15.77% for new cars and 7.13% to 21.55% for used cars.
5 days ago

Auto loan interest rates remain near decades-high levels of more than 9.61% for a new vehicle and nearly 14% for a used vehicle, according to Cox...
5 days ago

In its 2024 Your Driving Costs study, AAA says average ownership costs for a new vehicle driven 15,000 miles annually is $12,297 a year, or $1,024 a month.
3 days ago

The lowest overall cost is to buy a car and keep it for a long time. But leasing usually has lower monthly costs. And leasing an E.V. may come with a tax...
2 days ago

Experts say the cut will take time to trickle down to auto loans, but consecutive cuts could bolster sales and affordability.
4 days ago

The Federal Reserve has cut interest rates, but it's unclear when car buyers will see the shift reflected in auto loan rates.
4 days ago

Several carmakers reported soft sales in the third quarter, and average loan rates for new cars exceed 7%.
3 days ago

The best 0% financing deals on new cars, SUVs, and trucks in October 2024 feature no-interest auto loans for 72 months plus as much as $33,000 in financing...
3 days ago

A multitude of factors— including inflation, weather patterns, and the cost of goods– affect car insurance rates, even if you have a clean record. But why?
2 days ago

Cox Automotive's Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our...
4 days ago