Learn five strategies to reduce your car payment.

Paying extra on the principal won’t lower your monthly car payment, but it does provide other benefits. Many, or all, of the products featured on this page are from our advertising partners who ...

Edmunds reports that a 60-month car loan is ideal, balancing payments and interest, while longer terms lead to higher costs ...

Though taking out a seven-year auto loan might make monthly payments feel more doable, it comes with long-term costs. You'll pay more in interest overall, the car will depreciate and there's a bigger ...

While car prices and interest rates are on a downward slope, auto loan payments are still relatively high, according to a recent Experian study of its consumer credit database. Though the value of ...

A blue car on top of a stack of money and coins. If you’re in the market for a car in 2024, you’ll have plenty to choose from at a dealership near you—something that couldn’t be taken for granted just ...

Nearly 20% of car buyers agreed to monthly car loan payments of $1,000 or more. A record number of car buyers are taking out 84-month loans to make their monthly payments more affordable. Some dealers ...

Another financial quarter of data about American car loans is in the books, and Edmunds has published its latest analysis on what the average loans look like for new and used vehicles. Perhaps ...

The rise in late auto loan payments is a symptom of an increasingly unaffordable vehicle market, experts say. Households with ...

Car prices aren't going down, and neither are interest rates. To afford a new car, many buyers are signing up for longer loans to make monthly payments feel more manageable. Edmunds' Q2 2025 report ...