This comprehensive auto loan industry study investigates the latest data sources to reveal important auto financing trends and statistics. The U.S. auto loan industry continues to expand on the back of a 9-year growth in new auto loans. On the surface, the numbers look promising for auto lenders. In 2018, Total outstanding auto loan debt […]
No one wants to pay more than they need to toward their monthly bills. Yet, auto loan debt is higher than ever. The less money you spend on your monthly car payments, the more you’ll have left for everything else. So how can you reduce your losses? One great way to lower your auto loan […]
What can you do if you need a vehicle but can’t afford to buy one outright and you don’t have any credit? Is it possible to get an auto loan with zero credit history? And even if you can qualify, are the rates affordable? If you’re in the market for an auto loan and you […]
A car is an essential part of most Americans’ lives. Without one, many can’t get groceries or commute to work. 65% of car buyers choose to get an auto loan. Cars may be important but they are also expensive. Most people can’t afford or don’t want to pay cash for one. That means most prospective […]
23% of car dealership sales originate from trade-ins Are you getting ready to buy a new car? There are a lot of questions you’ll have to ask yourself. What type of car do you want? What is your budget? Are there any special features you’re looking for? Dreaming about your new vehicle is fun, but […]
For some, owning a car is a convenience; for others, it’s a necessity. But with cars costing tens of thousands of dollars, few of us can afford to pay for one upfront. Almost 65% of Americans turn to some form of financing when they buy a car. The two most popular financing providers are the […]
As of January 2019, the average APR for a 48-month auto loan was 5.30%. Average auto loan rates January 2019 48-month new car loans 5.30% APR 60-month new car loans 5.37% APR 36-month used car loans 5.54% APR The average APR for 60-month auto loans was a little higher at 5.37% APR. However, dealerships can […]
Founded in 2000 as a digital bank, Axos Bank has since grown into a full-fledged, tech-based financial services company. It serves individuals, businesses, and institutions. A key benefit of this bank is that it incurs lower overhead costs compared to traditional banks. This results in more favorable rates, terms, and fees for their customers. Axos Bank’s products include: […]
There are numerous factors to consider when buying a car, starting with whether to buy new or used. Buying used may not be as glamorous but it’s a smart move from a financial standpoint. A new car begins to depreciate the second it’s driven off the lot. The average sedan loses nearly $7,500 of its […]
The car buying process often includes a debate over whether you should buy or lease. When it comes to leasing, you have more options than you may realize. Though it’s rarely advertised or spoken about, it’s possible to lease a used car. Most used cars that are available for lease are certified pre-owned vehicles that are less than […]
SuperMoney is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc. All products, logos, and company names are trademarks™ or registered® trademarks of their respective holders. Their use does not signify or suggest the endorsement, affiliation, or sponsorship, of or by SuperMoney or them of us. SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). SuperMoney strives to provide a wide array of offers for our users, but our offers do not represent all financial services companies or products.
We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.
