Americans owe a record $1.655 trillion in auto-loan debt, up 73 % since 2014, and they borrowed another $175 billion in Q4 2024 alone.LendingTree When that much money is in play, even a one-point swing in market share can move billions of dollars of originations.
Read MoreEver felt like you needed a translator at the dealership? Leasing jargon can hide thousands of dollars in plain sight. Two figures—money factor and residual value—do most of the heavy lifting in determining your monthly lease rate. Master them and the rest of the vocabulary becomes easy math.
Read MoreDepreciation is still the single biggest line-item in the true cost of ownership. iSeeCars’ March 2025 study of 800 k+ five-year-old transactions pegs the average U.S. vehicle at -45.6 % after five years—up from the pandemic-era lows when used prices spiked iSeeCars.
Read MoreFor many first-time buyers, an auto loan is the only path to getting reliable transportation. Yet thin credit or limited income can make approval tough—or saddle you with sky-high interest rates. Adding a credit-worthy co-signer is one workaround, but it is not risk-free. Below we break down how co-signing works, list its major benefits and pitfalls, and offer strategies that protect both borrower and co-signer.
Read MoreBuying a car can be an exciting experience, but it also involves a lot of financial decisions. One of the most important is understanding how much your car loan will cost you each month. This is where a car loan payment calculator comes in.
Read MoreWhen buying a car, one of the most crucial aspects to understand is how your monthly car loan payment is calculated. Many buyers focus on the car’s price, but the loan details—such as the interest rate, loan term, and down payment
Read MoreWhen shopping for a car, securing the best auto loan deal is essential for managing your finances. An auto loan payment calculator is a valuable tool that helps you compare different loan options based on your budget and preferences.
Read MoreWhen purchasing a car, the loan you take out can significantly impact your monthly budget. Understanding the factors that affect your auto loan payment is crucial for making informed decisions and managing your finances.
Read MoreBuying a car is a big financial commitment, and the cost of your car loan is a significant part of that commitment. While it’s important to get the best deal on the car itself, reducing your auto loan payments can also save you money over time.
Read MoreThe process of spreading loan payments evenly over a fixed period of time.
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