The share of car buyers in the first quarter who signed a loan for 84 months or longer reached about 23%, up from 10% a decade ago, Edmunds data shows. The share of new-car buyers with annual income ...
If you need extra funds to buy a new car or tackle that home renovation project you've put off for a while, an installment loan may be a good option. Whether you're making a major purchase or ...
Refinancing your car loan allows you to exchange your current debt for a new loan. Typically, the outcome is a lower monthly payment thanks to a lower interest rate or better terms. Refinancing can be ...
Over 20% of new car purchases in Q4 2025 were 84-month financing deals. Consumers are looking to lengthier auto loans to lower monthly car payments, but the combined interest costs drastically ...
If you were one of the 36.5% of new car purchasers who took out a 73+ month loan earlier this year, you're not alone. An Edmunds analysis found that car buyers are looking for longer repayment terms.