American households carry $1.66 trillion in auto loan balances collectively, according to the Federal Reserve. While there ...

New reports have shown that March and April represented a mixed bag for drivers applying for car loans. A Cox Automotive ...

The average auto loan interest rate for new cars in the fourth quarter of 2024 was 6.35 percent, while the average used car loan interest rate was 11.62 percent. Your credit score plays a ...

Where interest rates stand on credit cards and car loans The Fed's three interest rate cuts in 2024 quickly translated into lower payments for short-term loans made on credit cards and for cars ...

The House's first draft of tax legislation includes a provision sought by President Donald Trump to allow tax deductions for interest on car loans. The 389-page tax bill, which is a starting point for ...

If you buy a car that was made in this country, President Donald Trump wants you to be able to deduct the interest. The White ...

High interest rates have offset any concrete wins from stabilizing vehicle prices. Inflation and its impacts are likely not going away anytime soon. That means high car loan interest rates will ...

Republicans' “one big beautiful bill” would eliminate taxes on tips and overtime, give new cuts to seniors, and make interest ...

He has written for Bloomberg, The Associated Press, NerdWallet, Car and Driver magazine ... If you’re considering a personal loan, knowing the average interest rates can help you find a loan ...

while the average auto loan rate for used cars is 10.9%, according to Edmunds. At the end of 2024, those rates were 6.6% and 10.8%, respectively. With interest rates near historic highs and car ...

In the Republican tax bill, President Trump’s priorities are overshadowing the traditional “pro-growth” agenda.

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans. By Tara Siegel Bernard and Ron Lieber The Federal Reserve is ...