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One in five new-car buyers now opting for 7-year loans

By Truman Lewis Consumer News: Long-term auto loans hit record as car buyers struggle with costs of ConsumerAffairs
April 14, 2025

Key takeaways:

  • 84-month auto loans hit a record 19.8% of new-car financing in Q1 2025

  • Affordability remains a top concern amid $1,000+ payments and high APRs

  • Experts warn tariffs and limited 0% deals could worsen affordability crisis


Nearly one in five Americans who bought a new car in the first quarter of 2025 committed to an 84-month loan the longest common auto financing term signaling growing financial strain in the car market, according to a new report by Edmunds.

In its latest quarterly analysis, the automotive research firm revealed that 19.8% of new-vehicle buyers signed up for seven-year loans, up from 15.8% in Q1 2024 and 13.4% in 2019. The trend highlights a shift toward financial extremes as consumers either stretch out payments to lower monthly costs or shorten terms to take advantage of targeted incentives.

The auto finance market showed signs of steadiness in Q1, but that stability doesnt mean affordability has improved, said Jessica Caldwell, head of insights at Edmunds. When one in five new-car buyers are taking on seven-year loans, its clear how many consumers are still financially stretched.

$1,000+ monthly payments are common

Despite slightly easing from Q4s holiday-fueled luxury buying surge, 17.7% of new-car buyers in Q1 2025 agreed to monthly payments of $1,000 or more, a level that remains historically high. In Q1 2024, the number was 17.3%.

Meanwhile, the average amount financed was $41,473, only a modest decline from Q4s $42,113, showing little relief for buyers.

Mid-ground financing shrinks

While long loans surge, short-term financing also saw some growth among creditworthy shoppers: 10.2% of buyers took loans of 48 months or less, up from 7.1% in 2019. However, traditional loan terms of 60 to 75 months are fading, now making up 67.4% of loans down from nearly 78% six years ago.

This polarization reflects a market where buyers are increasingly making tough choices to afford their vehicles, whether through extended debt or selective short-term deals.

0% financing fades away

The once-popular 0% finance offer has nearly disappeared, accounting for only 1.0% of all new-car loans a record low. These incentives made up 3.0% of loans just a year ago, but have vanished in todays 7.1% average APR environment.

The era of free money car loans is over, analysts noted.

Potential policy lifeline

In the face of tightening budgets, some relief may come from Washington. President Trump has floated a proposal to allow interest paid on loans for American-made vehicles to be tax deductible. While the policys details are still unclear, Edmunds estimates that the average new-car buyer in Q1 paid $9,231 in interest over the life of their loan.

If implemented, a deduction could offer meaningful savings the kind that covers a vacation or home upgrade, said Caldwell. But without specifics on how American-made is defined or who qualifies, its true impact is hard to predict.

Tariffs add uncertainty

Adding further tension to the market is the new round of auto tariffs, which officially went into effect on April 3. Caldwell warned these could add fuel to the fire, potentially making new vehicles even less affordable and further increasing reliance on ultra-long-term financing.

Bottom line: With both interest rates and vehicle prices remaining stubbornly high, affordability remains the defining challenge for new-car shoppers in 2025 and its pushing more consumers to the financial edge.




Posted: 2025-04-14 02:33:53

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More News From This Category
Consumer News: EWG analysis finds over 100 unreviewed chemicals in U.S. foods
Mon, 09 Mar 2026 22:07:07 +0000

Experts reveal how a regulatory loophole may allow ingredients into everyday products without FDA safety review

By Kristen Dalli of ConsumerAffairs
March 9, 2026
  • A new analysis found 111 food chemicals used in U.S. products that were never reviewed by the FDA.

  • Companies can bypass oversight by declaring substances generally recognized as safe, or GRAS, without notifying regulators.

  • Experts say the finding highlights transparency gaps in the food system and raises questions about how additives are monitored.


A new analysis is raising concerns about what might be quietly making its way into the foods Americans eat every day. Researchers found more than 100 chemicals added to U.S. foods that were never reviewed by the Food and Drug Administration (FDA) before entering the market.

The findings come from a report by the Environmental Working Group (EWG), which identified 111 substances that manufacturers introduced into the food supply without submitting them to the FDA for review.

These ingredients may appear in thousands of products ranging from packaged snacks to beverages. While that doesnt necessarily mean theyre harmful, researchers say the lack of government evaluation raises important questions about safety and transparency in the food system.

The issue stems from a long-standing regulatory pathway known as generally recognized as safe, or GRAS, which allows certain food ingredients to bypass formal FDA approval under specific circumstances.

This is a wake-up call for every American who assumes the FDA is reviewing the safety of chemicals in their food, Melanie Benesh, EWGs vice president for government affairs, said in a news release.

Instead, food and chemical companies are exploiting a loophole to keep both the government and the public in the dark.

The loophole behind the findings

The GRAS rule dates back to 1958, when Congress created an exemption for common ingredients like salt, vinegar, and baking powder that were already widely understood to be safe.

But critics say the system has evolved in ways lawmakers never intended. Today, companies can determine on their own that a chemical qualifies as GRAS and begin using it in food products without mandatory FDA notification.

According to the EWG analysis, some of the unreviewed substances include plant extracts and alternative proteins. Examples cited in the report include aloe vera extract, mushroom extracts, and green tea extracts, which have been linked in some research to potential health concerns depending on the formulation and dosage.

Researchers say the bigger issue isnt necessarily any single ingredient its that regulators and consumers may not know these substances are being used at all. Without required disclosure or review, data on safety, exposure levels, and possible risks may never reach regulators or the public.

What consumers should know

Experts say the findings shouldnt cause panic, but they do highlight why paying attention to ingredients matters.

For consumers, a few practical steps can help reduce potential exposure to questionable additives:

  • Limit ultra-processed foods. Many additives are most common in heavily processed products.

  • Check ingredient lists. Unfamiliar extracts or chemical names can signal added processing.

  • Choose simpler foods when possible. Fresh or minimally processed options typically contain fewer additives.

Advocates are also pushing for regulatory changes that would require companies to notify the FDA when they introduce new food chemicals and make safety data publicly available.

The FDAs failure to act for more than 60 years has made state leadership essential, said Benesh. Congress must close the GRAS loophole to restore trust in our food system.


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Consumer News: Auto Safety Recall Derby - Week of March 9
Mon, 09 Mar 2026 22:07:07 +0000

GMC, Ford, and Lincoln are all part of this week's auto recall derby

By News Desk of ConsumerAffairs
March 9, 2026


Weekly Auto Recall Roundup

Here are the latest vehicle and equipment recalls announced by the National Highway Traffic Safety Administration (NHTSA).

Reminder: Recall repairs are free. Contact your dealer as soon as possible if your vehicle is affected.

General Motors, LLC NHTSA Recall ID 26V129000

Issue: Engine Stall Due to Disabled Rear Fuel Pump

Make Model Model Years
GMC SIERRA 3500 20252026
CHEVROLET SILVERADO 3500 20252026

General Motors, LLC NHTSA Recall ID 26V127000

Issue: Tire Sidewall Damage

Make Model Model Years
GMC SAVANA 20252026
CHEVROLET EXPRESS 20252026

Ford Motor Company NHTSA Recall ID 26V124000

Issue: Rearview Camera Image May Not Display

Make Model Model Years
FORD BRONCO 20212026
FORD EDGE 20212024

Ford Motor Company NHTSA Recall ID 26V123000

Issue: Incorrectly Displayed Rearview Camera Image/FMVSS 111

Make Model Model Years
LINCOLN CORSAIR 20202022
FORD ESCAPE 20202022
FORD EXPLORER 20202024
LINCOLN AVIATOR 20202024

Ford Motor Company NHTSA Recall ID 26V120000

Issue: Driver's Seat May Move Unexpectedly

Make Model Model Years
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Ford Motor Company NHTSA Recall ID 26V119000

Issue: Driveshaft May Separate

Make Model Model Years
FORD F-350 SD 20252026
FORD F-250 SD 20252026

Ford Motor Company NHTSA Recall ID 26V118000

Issue: Backup Alarm Sound Failure

Make Model Model Years
FORD E-350 20262027
FORD E-450 20262027

Check your vehicle for recalls

To find out whether your specific vehicle is included in a recall, you can check by VIN or license plate on NHTSA's recall lookup page: NHTSA.gov/recalls.

If your vehicle has an unrepaired recall, contact your local dealership to schedule a repair recall remedies are provided at no cost.


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Consumer News: Costco takes on fertility costs with major drug discounts for members
Mon, 09 Mar 2026 19:07:07 +0000

New Sesame partnership promises easier access to care and dramatically cheaper IVF medications

By Kristen Dalli of ConsumerAffairs
March 9, 2026
  • Costco has partnered with Sesame and fertility network IVI RMA to offer members coordinated fertility care and discounted medications.

  • The program could reduce fertility drug costs by up to 80%, potentially saving thousands per treatment cycle.

  • Members can start with online consultations through Sesame and be referred to specialists if treatments like IVF are needed.


Costco is known for bargain rotisserie chickens and bulk paper towels but now its adding something more serious to the list: fertility care.

The warehouse giant has announced a new partnership with health care platform Sesame and fertility network IVI RMA North America aimed at making fertility treatment easier and more affordable for Costco members. The initiative gives members access to coordinated fertility care and deep discounts on medications often used during treatments like in vitro fertilization (IVF).

"Our partnership with Sesame and IVI RMA reflects our commitment to transparent and affordable solutions that reduce barriers, are more accessible, and more affordable for our members," Richard Stephens, Senior Vice President of Pharmacy at Costco, said in a news release.

"By combining transparent pricing with coordinated care, we're removing the barriers that have historically kept quality fertility treatment out of reach for too many families."

How the program works

The partnership brings together three pieces of the fertility care puzzle.

Patients start through Sesame, a direct-to-consumer health care platform that connects patients with clinicians online. Costco members can access fertility consultations, diagnostic testing, and care coordination through Sesames clinicians.

If more advanced treatment is needed such as IVF, intrauterine insemination (IUI), or egg freezing patients are referred to fertility specialists within the IVI RMA North America network. Sesame clinicians remain involved during treatment to help coordinate care, explain medical terminology, and guide patients through the process.

One of the biggest financial benefits comes from the pharmacy side. Fertility medications are filled through Costco with exclusive member pricing, offering savings of up to 80% on certain drugs commonly used in fertility treatment.

For example, medications used in an IVF cycle could cost roughly $1,640 to $2,296, compared with typical self-pay prices of $3,000 to $6,000 per cycle.

"This partnership empowers people to take control of their reproductive health without barriers, stigma, or waiting," David Goldhill, CEO & Founder of Sesame, said in the news release.

"By connecting patients directly with care coordinators and world-class specialists, we're making family planning accessible and delivering measurably better outcomes through coordinated, continuous care."

What consumers should know

For people exploring fertility treatment, the partnership may offer a more affordable entry point especially for those paying out of pocket.

Here are a few things to keep in mind:

  • Youll start online. The program begins with a consultation and diagnostic workup through Sesame before any referrals to fertility clinics.

  • Medication savings could be significant. Fertility drugs often represent one of the biggest out-of-pocket costs during treatment, so pharmacy discounts may make a noticeable difference.

  • Insurance isnt required. Because Sesame operates as a direct-pay health care platform, the program is designed to work for both insured and uninsured patients.

"In partnership with Costco and Sesame, leaders of the highest caliber, we are expanding access to quality fertility care and reducing barriers so more people across the country can build the families they desire, Lynn Mason, CEO, IVI RMA North America, said in the news release.

Every partnership we form and program we launch is grounded in expanding access to the most advanced care for individuals and families who deserve expertise and support throughout their fertility journey.


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Consumer News: Spring, with allergy symptoms, is just around the corner
Mon, 09 Mar 2026 19:07:07 +0000

But allergy specialists say theres no reason for sneezin

By Mark Huffman of ConsumerAffairs
March 9, 2026
  • Tree pollen is already emerging in warmer parts of the U.S., marking the start of spring allergy season for many people.

  • Allergy specialists say starting medication about a month before symptoms usually appear can help prevent severe reactions.

  • Climate change and milder winters may be causing allergy seasons to start earlier in some regions.


Warmer temperatures across much of the nation after a frigid winter are a hopeful sign. But the arrival of spring also brings allergies out of hibernation. Allergy specialists are warning that tree pollen one of the earliest triggers of seasonal allergies is already appearing in parts of the United States.

But a high pollen count doesnt necessarily mean everyone will suffer symptoms.

Its important to remember that high pollen counts dont always translate to symptoms for every person, said Dr. Cherie Zachary, president of the American College of Allergy, Asthma and Immunology (ACAAI). Your symptoms depend on which specific pollens youre allergic to.

For example, people sensitive to tree pollen may already be experiencing symptoms, while those allergic only to grasses may not notice problems until later in the season.

Early preparation is important

For those with tree pollen allergies, specialists say early preparation is key. Allergy medications are most effective when started before symptoms begin.

People with tree pollen allergies should start taking their allergy medications at least a month before their symptoms typically appear, Dr. Zachary said. Starting early helps prevent the immune system from mounting a full-blown response once pollen levels rise.

In recent years, environmental changes have also influenced the timing of allergy seasons. Milder winters and earlier warm spells linked to climate change can prompt trees to release pollen sooner, meaning allergy symptoms may appear earlier as well.

Common symptoms

Spring allergies can cause a wide range of symptoms including sneezing, nasal congestion, itchy eyes, coughing, wheezing, and fatigue. Many people manage symptoms with over-the-counter antihistamines or nasal sprays, but those treatments dont always provide enough relief.

If over-the-counter medications arent adequately controlling your symptoms, its time to see an allergist, Dr. Zachary said.

Board-certified allergists can develop personalized treatment plans based on a patients specific allergy triggers. Options may include prescription medications, strategies to reduce exposure to allergens, or longer-term treatments.

One such treatment is allergen immunotherapy, available in the form of allergy shots or tablets. The therapy works by gradually training the immune system to tolerate allergens, reducing the severity of symptoms over time and potentially decreasing reliance on medications.

Limit pollen exposure

Allergy specialists also recommend simple steps to limit pollen exposure during peak season. Keeping windows closed in homes and cars, using air conditioning and high-efficiency air filters, and showering or changing clothes after spending time outdoors can all help reduce the amount of pollen brought indoors.

With spring approaching, experts say planning ahead can make the season far more manageable.

With the right strategy, people with allergies dont have to dread spring, Dr. Zachary said. Early treatment, environmental precautions, and guidance from an allergist can help keep symptoms under control so you can enjoy the season.


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Consumer News: The Costco bakery is rolling out online cake ordering
Mon, 09 Mar 2026 19:07:07 +0000

Heres how to see if your store offers it

By Kyle James of ConsumerAffairs
March 9, 2026
  • Costco is rolling out online cake ordering. Members can customize bakery cakes directly in the Costco mobile app instead of filling out a paper form in-store.

  • Not every warehouse has it yet. Check the Costco app under Warehouse Custom Cake Ordering to see if your store offers it.

  • Why shoppers love Costco cakes: A half-sheet cake feeds 4050 people for about $25, making it one of the cheapest party desserts around.


Costco is finally modernizing one of its most outdated systems: ordering custom bakery cakes.

For decades, members had to visit the bakery kiosk in-person and fill out a paper order form just to request a cake. Now the warehouse giant is beginning to roll out a new digital option that lets shoppers place cake orders directly through the Costco mobile app.

The update lets members customize cakes (including flavor, size, design, and message) from their phone before picking them up in the warehouse.

But theres a catch. Not every Costco has it yet and its rolling out gradually across the U.S.

Heres what shoppers should know.

Why this change matters

Until now, ordering a Costco cake required two trips:

  1. One visit to the store to fill out a paper order slip
  2. A second trip to pick up the finished cake

The new digital system eliminates the first trip and makes it easier to plan events like birthdays, graduations, or office parties.

When the rollout expands nationwide, it could become one of the biggest convenience upgrades Costco has made to its bakery in years.

How to tell if your Costco offers digital cake ordering

Because the feature is still rolling out, the easiest way to check is inside the Costco mobile app.

Follow these steps:

  1. Open the Costco app.
  2. Tap Warehouse at the bottom of the screen.
  3. Confirm your home warehouse location.
  4. Scroll down and look for Custom Cake Ordering.
  5. Tap on it and follow the instructions.

If you dont see it yet, your Costco hasnt been added to the rollout yet.

You'll have to usethe traditional method for now, which is filling out a paper cake order form at the bakery kiosk.

Why Costco cakes are such a popular deal

Costcos bakery cakes have long been considered one of their best values.

The half-sheet cake (12 x 16) feeds around 45 people and costs $24.99, making it far cheaper per slice than most grocery store bakeries.

Thats why theyre a go-to dessert for:

  • Birthday parties
  • School celebrations
  • Office events
  • Graduation parties
  • End-of-season soccer or little league parties

Smart tips when ordering a Costco cake

  • Order early. Even with the app, most cakes still require 2448 hours notice before pickup.
  • Check the bakery designs first. Costco offers only a limited number of decoration styles, so browse them in advance.
  • Plan pickup during a normal Costco trip. That way, you avoid an extra run to the warehouse.

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