New data from the Federal Reserve Bank of New York found that auto loan approval rates are dropping for U.S. buyers. Of those ...

With defaults and late payments rising, auto financing is getting riskier. Learn how growing delinquency rates impact your ...

The average car loan interest rate is 6.35% for new cars and 11.62% for used cars, according to Experian's State of the Automotive Finance Market report from the fourth quarter (Q4) of 2024. If you're ...

Last month, 6.65% of subprime borrowers were at least 60 days late on their car payments. That’s the highest delinquency rate since the 1990s, according to Fitch Ratings.

For first-time car buyers, one of the most daunting parts of negotiating a good deal right now is interest rates. The average auto loan rate for someone with excellent credit is 5.25%, according to ...

Number of drivers seriously behind on payments reached a worrying record high last month that could indicate problems in the ...

While a Fed rate cut is big news, consumers might only be expected to see slight relief when it comes to much borrowing.

A recent report from the Recovery Database Network (RDN), says more than 2.5 million cars were repossessed last year, and ...