Ally Financial’s ALLY first-quarter 2025 adjusted earnings of 58 cents per share handily surpassed the Zacks Consensus ...

Auto loans with seven-year terms reduce the borrowers' monthly payments in comparison with more traditional, shorter-term loans. But they also add to lenders' risk, since the amount of money that ...

Smoke noted that adding $5,000 to the price could translate into an average car loan balance of $48,000 — which would drive the average monthly payment to $880 or an increase of $92 a month.

A Court of Appeal judgement last year sent shockwaves through the car finance sector, when it ruled that hidden commission payments to dealers were unlawful. Companies claim they did nothing wrong ...

Getty Images A growing number of Americans are falling behind on car loan payments, according to a report Thursday by credit-scoring firm VantageScore. The average credit score also declined ...

Leasing a car may come with advantages, for example: payments are generally lower than a car loan with the same term you’re able to get a new car every few years if you qualify for a lease some ...

Tariffs: The White House said it’ll impose 25% tariffs on foreign-made vehicles, as well as some auto parts like engines and transmissions. Experts estimate production costs could rise up to $ ...

and raising the average monthly auto loan payment from approximately $750/month to $830 or $840/month," wrote Morgan Stanley autos analyst Adam Jonas in a Thursday morning research note.

As a result of losing access to this type of plan, she said, her monthly student loan payments more than quadrupled from $507 to $2,463. "This lawsuit seeks to hold the Department of Education ...

Americans owed a record $1.66 trillion in auto loan debt at the end of 2024, up 20% since 2020, according to the Federal Reserve Bank of New York. Late car payments hit highest level in decades “Do I ...

Non-prime auto loans originated ... The weighted average (WA) payment to income percentage was 10.41%, down from 11.3% on the EART 2024-4 transaction. The WA non-zero FICO score decreased to 566, from ...

Second, lenders know that if they accept credit card payments, their borrowers would just be trading one form of debt for another. This second point is important because auto loans have lower ...