Car payments can eat up a huge chunk of your monthly budget. According to Experian’s State of the Automotive Market report in late 2024, the average new car payment has ballooned to $737. Read Next: 4 ...

When deciding how much your car payment should be, many factors, like your income and other expenses, come into play. While you want a safe and reliable ride, you don’t want to overextend yourself and ...

Build positive equity in your car by using strategies such as making extra payments and refinancing your auto loan ...

SHORT ANSWER: When you’re ready to purchase your next car, calculate 10% to 15% of your take-home pay to find the payment amount you can afford. Purchasing a new vehicle is exciting. You’ll be ...

The average American spends $725 on their monthly payment for a new vehicle, according to Experian’s data from earlier this year. This is a $75 monthly increase from the previous year. While used ...

In 2024, buying a car can be an especially daunting task. Between high interest rates and a long-term shortage of new cars due to supply chain issues, the pool of vehicles customers can choose from is ...

The right time to refinance depends on your financial situation.

Review your credit report, know your credit score and, yes, freeze your credit before stepping on a car dealer's lot. Dealer-arranged financing is convenient but it will limit your options. Typically, ...