Average Monthly Car Payment 2024

Average Monthly Car Payment 2024. For used car loans, americans are spending an average of. The average monthly payment for new car loans has grown to $716, up from $646 and $578 in q4 2021 and q4 2020, respectively [3].

The average monthly car payment for new cars is $734, while used cars had a slightly lower payment of $525. Learn more about the different variables that affect your monthly car payments, and find out how you can.