New data from the Federal Reserve Bank of New York found that auto loan approval rates are dropping for U.S. buyers. Of those who applied for auto loans in October 2025, 15.2% — or more than 1 in 10 — ...

Learn how credit scores influence car loan interest rates in 2025.

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Auto loans help prospective car buyers achieve their dreams of owning a vehicle. In 2023, auto loan rates have consistently risen and are expected to see a similar trend in 2024. As interest rates ...

It could be wise to consider a different lender — or a different car. Money, Getty Images It’s a challenging time to get an auto loan if you have poor credit — but don’t lose hope of buying a car just ...

Auto loans are a good way to gauge the health of an economy. When the economy is healthy, interest rates are low, and ...

“If you’ve got a low score but you have strong income and a good loan-to-value ratio, you can get refinanced,” Goodall said. Most lenders cap loan amounts at 125% of a car’s value. If your car is ...

A trade-in is best for a different vehicle, while refinancing might save you money.

Edmunds reports that a 60-month car loan is ideal, balancing payments and interest, while longer terms lead to higher costs ...