Trading In a Car in 2026? Avoid the $7,107 Negative Equity Trap
If you trade in your car this year while underwater on the loan, you’ll likely owe $7,107 more than your car is worth. That’s before you even start shopping for…
Seven-Year Car Loans Just Hit a Record—Should You Sign One?
More than a quarter of new-car buyers signed up for an 84-month loan last quarter. That’s not a typo. Seven-year car loans just hit their highest share ever recorded, according…
Should You Ever Sign an 84-Month Car Loan in 2026?
A record 25.5% of new-car buyers financed their purchase with an 84-month loan in the third quarter of 2026. That’s according to Edmunds. One in four people walking out of…
Is Rivian R1 Financing Better at 1.99% or 3.99%?
Run the numbers and it’s not close. A 1.99% loan on a 2026 Rivian R1 beats a 3.99% loan on the 2027 version by roughly $4,450 over five years. That’s…
84-Month Car Loans Are Everywhere in 2026: Smart Move or Trap?
Nearly one in four new car loans issued in 2026 now stretch to 84 months or longer. That’s a record. No lender or shopper would have predicted this a decade…
Are 100-Month Car Loans a Smart Buy or a Trap in 2026?
A 100-month car loan can shave $100 or more off your monthly payment. But it will almost certainly cost you thousands more in interest. And it can leave you owing…
Used Car Prices Hit $30K: Is New Actually the Smarter Buy?
The average used car now costs $30,166, according to J.D. Power. That’s up $860 from a year ago. But here’s the twist: new cars are still nearly $20,000 more expensive…
$10,000 Car Loan Interest Deduction: Is Your Car Eligible?
If you financed a new vehicle in 2025 or later, you might be able to write off up to $10,000 a year in loan interest. But there’s a catch. That…
Car Payments Just Hit an All-Time High: Why So Many Buyers Are Underwater in 2026
If it feels like everyone you know is stretching to afford their car payment, you’re not imagining it. New data confirms that auto affordability has reached a genuine breaking point…