HOUSTON — With the average price of a new vehicle hitting $48,000 in 2025, more car buyers are turning to longer-term loans, but financial experts warn it could cost them more in the long run.
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Average Car Loan Length in 2025: What You Need To Know
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Regardless of whether you've nervously scrolled through endless listings on dealer websites or wasted hours of your life configuring your dream cars online, it hurts to know that new cars are ...
GREENSBORO, N.C. — The average price of a new car is right around that $48,000 mark. Of course, you know that new car is only that price for a minute. As soon as you drive your car off the lot, it ...
Trends in automotive lending are moving in two different directions. According to new research from Edmunds, both long 84-month loans and short 48-month loans for new cars are on the rise as the ...
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 ...
More car-buyers used seven-year loans to finance new vehicles in the first quarter as they continued to struggle with affordability, according to a recently released report. Edmunds said last week ...
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