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

Americans are stretching out their car loans more and more. In June, the average loan length hit an all-time record of five years, nine months for new cars and five years, seven months for used cars, ...

Average new-car payments are continuing their upward trend, jumping to $766 through October 2025, according to Edmunds. That's an increase of about 31% over the past five years. The increase reflects ...