Financing Your Car

Average Car Payment Hits All-Time High as Loan Terms Near 6 Years

By Fred Meier on June 5, 2018

The average monthly loan payment taken on by new-car buyers hit a record $523 in the first quarter of 2018, up $15, or about 3 percent, from a year ago, according to credit tracker Experian. Abo... Read More
Don't Let Consumer Protection Repeal Pump Up Your Car Loan Cost

By Fred Meier on May 11, 2018

The overturning this week of an effort to limit car-dealer "markups" on vehicle loans is a reminder for spring car shoppers of something they should already know: Keeping a hard eye on... Read More
How to Use New-Car Incentives, Rebates and Finance Deals

By Cars.com Staff on January 8, 2018

CARS.COM — Car buying can be confusing in the best of times. You have to be even more careful when incentives (whether they are cash-back rebates or reduced finance rates) can obscure how ... Read More
How to Get a Car Loan

By Joe Wiesenfelder on November 15, 2017

CARS.COM — Most cars aren't bought by consumers at a dealership; they're purchased by banks. Very few shoppers pay cash outright for their new car or used car. Most either borrow o... Read More
How to Win the Car Financing Game

By Joe Wiesenfelder on November 9, 2017

CARS.COM — Knowing that the car dealership is where fear usually sets in for many car shoppers, buyers often ask what to do once they're in the hot seat. In fact, most of what you can ... Read More
Getting the Best Deal: Financing & Insurance

By Joe Wiesenfelder on November 3, 2017

CARS.COM — People are often surprised to hear that a dealership's financing and insurance department, or "business office," is a profit center. Reality check No. 2: Everythin... Read More
How to Negotiate With a Car Dealer

By Joe Wiesenfelder on November 2, 2017

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Most Americans Can't Afford Average New Car

By Fred Meier on June 28, 2017

CARS.COM — If you think you can't afford an average new car, you're probably right, according to a new report that found a median income household can truly afford an ave... Read More
Report: Average Payments for New, Used Cars Rise

By Kelsey Mays on September 7, 2016

CARS.COM — A new report from Experian Automotive says monthly payments on used-car loans in the second quarter averaged $364. That's up $3 or 0.8 percent versus the year-ago quarter, a... Read More
Buying a Car: Cash, Lease or Loan?

By Colin Bird on September 2, 2016

CARS.COM — You've found the right car; now you need to figure out the right way to pay for it. Historically, most people finance their cars, some lease and a very few pay with cash. Ea... Read More