The average car loan is between five and six years, but longer terms are gaining ground The average auto loan term is just under six years, according to Experian data. More buyers are opting for loan ...

In less than a decade, the standard car loan quietly stretched from a five‑year commitment into something closer to a small mortgage. Longer terms have made monthly payments look manageable even as ...

How long should a car loan be? Are you shopping for a new car and wondering how long your loan should be? The quick answer is that Edmunds recommends a 60-month auto loan if you can manage it. That’s ...

When your car payment outlasts who was in office when you bought it, you know we’ve entered a troubling era of automotive financing. Remember the time when a four-year car loan felt like forever? In ...

Car loans are now lasting up to 7 years as U.S. auto debt hits $1.68 trillion, but major lenders still say consumers are ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Maskot / Getty Images More than one in ...

The number of auto loans with 7-year terms (or longer) has doubled since 2018, according to a new report—and it’s costing ...

Rising new car prices are leading Americans to take out car loans longer than six years. These longer loans result in buyers paying thousands more in interest over the life of the loan. New Mexico has ...