The 7-Year Car Loan: Watch Your Wallet
Americans are buying more expensive cars — nearly $38,000 for new cars, on average. And longer-term loans are enabling many people to make the payments, but at a cost.
auto loans
If You Got A 7-Year (Or Longer) Car Loan, We Want To Hear From You
More car buyers are taking out longer-term loans. And many are rolling over unpaid debt from their last car into their new loans. If you're stretching out your car loan, we'd love to hear from you.
Senate Votes To Roll Back Rules Aimed At Fair Auto Lending For Minorities
The measure, which now heads to the House, would roll back federal policies aimed at protecting minority buyers from discriminatory loan terms. The vote could lead to the rollback of other rules.
Auto Loan Surge Fuels Fears Of Another Subprime Crisis
Dealers are extending loans to a growing number of people with weak credit, and more of them are having trouble making payments. The situation is evoking comparisons to the subprime mortgage boom.