Trump and the GOP are now offering a tax deduction for auto loan interest. How will it work?

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 ...

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Despite the elimination of the federal tax credit for electric vehicles, car buyers still get some tax relief. President Donald Trump’s Big Beautiful Bill includes a provision that allows car buyers ...

Buying a car has become increasingly expensive: The average loan for a new car hit a record $781 in December 2025, according to Edmunds. Used car loan payments are up to $568 a month, a $14 increase ...

As the average price of a new car reached an all-time record high of $50,326 in December 2025, U.S. shoppers are having a ...

A debt-to-income ratio under 36% is ideal ...

NerdWallet is committed to editorial integrityMany or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not ...

Vehicle sticker prices are way up — and so are maintenance and insurance. Plus, Americans are buying bigger cars with more fancy stuff these days. Historically, auto loans have been considered some of ...

Add Yahoo as a preferred source to see more of our stories on Google. (NewsNation) — Americans are falling behind on their car payments at the highest rate in years, leading some to worry that an auto ...

Current and prospective electric vehicle owners can finance or refinance with Tenet’s loans ...