Money Talks News on MSN
The New Tax Deduction for Car Loans Isn’t As Great As It Sounds. Here’s How It Works.
The new tax deduction on car loan interest is only available for tax year 2025 through tax year 2028. So, you can only use it ...
SPRINGFIELD, Mo. (KY3) - On Your Side’s Ashley Reynolds and Arvest Bank’s Jen Eldridge explain how to get the best rate for car loans. To report a correction or typo, please email [email protected].
An old rule of thumb in car-buying, known as 20/4/10, held that you should make a 20% down payment, cap your loan at four years, and spend no more than 10% of your monthly income on transportation.
According to LendingTree, the average monthly car payment was a record-high $738 in the fourth quarter of 2023 (up 2.5% a year prior) and auto loan balances now stand at $1.61 trillion, second only to ...
Learn how car loans work and how to find the best one for you Carrie Pallardy has more than nine years of experience writing about a range of topics, including healthcare and cybersecurity. Her ...
The Daily Overview on MSN
Average car loan length in 2025: what you need to know
In 2025, the landscape of car loans has shifted significantly, with average loan terms extending to seven years. This trend ...
A number of the federal tax changes in the “Big Beautiful Bill” deliver less than they seem to promise, but nonetheless offer opportunities for some people to save a bit of money. In last week’s ...
Refinancing your car loan might save you money and lower your monthly payments Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance editor for Buy ...
There's no question that Americans love their cars. And with auto prices increasing, more of us are using some type of financing to get into the seat and out on the road. It's not just new vehicles, ...
On a chill October night in Virginia, a Wall Street Journal reporter rode shotgun with a repo crew as they scanned license ...
The right time to refinance depends on your financial situation and goals Written By Written by Staff Loans Editor, WSJ | Buy Side Hannah Alberstadt is a Buy Side staff editor specializing in loans.
That does not mean the vehicles are submerged. In a sense, the drivers are. More than one in four trade-ins had negative equity in the third quarter of 2025, Edmunds reports. In auto industry parlance ...
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