Fact checked by Vikki VelasquezKey TakeawaysUse our calculator to determine your monthly auto loan payment and the total amount of interest you’ll pay once your loan is repaid in full. It’s vital to ...

Compare car loans from multiple lenders to find your best rate and learn what you need to know about financing before you apply.

Trade in a car with negative equity and you may also face pressure to buy a more expensive car, leaving you with loan ...

New Edmunds data exposes that Americans continue to make significant financial sacrifices for new cars. Regardless of whether you’ve nervously scrolled through endless listings on dealer websites or ...

Car buyers may now benefit from a new tax break that allows them to deduct up to $10,000 in auto loan interest each year from their federal income taxes — reducing their taxable income. The provision, ...

The Federal Reserve's recent 0.25% interest rate cut may make it cheaper for consumers to take out large loans. A lower interest rate can reduce the total amount paid on a car loan over its term, ...

Beginning on 2025 tax returns, new car buyers might qualify for an above-the-line deduction of up to $10,000 in car loan interest in a year. Taxpayers will not be able to deduct interest on loans ...