It's the hardest time in recent history to get a car loan

Tech Insider
car dealership
Car buyers have been through a whirlwind these past few years, and the next big challenge facing them is a lack of loans.

Reuters

Elon Musk spoke about crystal balls, bank lending, self-driving cars and lithium refineries this week. Here are his 10 best quotes from Tesla's Q1 earnings call.

Tech Insider
Elon Musk
Elon Musk.

REUTERS/Mike Blake

The Best Auto Loans of March 2023

Tech Insider

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). In some cases, we receive a commission from our partners; however, our opinions are our own.

A growing number of car buyers have loans worth more than their vehicles — and experts are worried about a surge of delinquencies

Tech Insider
Used cars sit in the sales lot of a used car dealership in California.
On average, the annual percentage interest rate on new vehicles was 6.5% in 2022 and 4.1% in 2021, while for used vehicles it was 10% in 2022 compared to 7.4% in 2021.

Justin Sullivan/Getty Images

Subscribe to Car Loans