Elvis Picardo is a regular contributor to Investopedia and has 25+ years of experience as a portfolio manager with diverse capital markets experience. Suzanne is a content marketer, writer, and ...

A higher credit score often leads to better-than-average 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, ...

More new-car shoppers are taking on seven-year loans, a trend that underscores the rising cost of financing a vehicle. Seven-year loans made up 19.8% of all new vehicle financing by dealers in the ...

Over 20% of new car purchases in Q4 2025 were 84-month financing deals. Consumers are looking to lengthier auto loans to lower monthly car payments, but the combined interest costs drastically ...

If you want to avoid dealerships and buy from an individual, a private-party auto loan can help Private-party auto loans finance vehicles purchased from individuals rather than dealerships. They ...

Average car loan interest rates range from 5.18% to 21.58%, based on factors such as your credit score, type of car and whether you’re buying a new or used car. In June 2025, the average car loan ...

Average car loan interest rates are 7% for new cars and 11% for used cars, according to the latest data from Edmunds. You might be able to finance a car for less than 5% if you have excellent credit ...