The average monthly payment for new car financing in the United States was on average 188 U.S. dollars higher than for used cars in the second quarter of 2024. Meanwhile, the down payment for new automobiles was several thousand U.S. dollars higher than for used ones. In the second quarter of 2024, the average amount financed for the purchase of a new car amounted to 40,873 U.S. dollars on average. The average maturity of new car loans at finance companies was 66 months in early 2024.
Average payments and amount financed for used and new car financing in the United States as of 2nd quarter 2024
(in U.S. dollars)
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Edmunds . (July 2, 2024). Average payments and amount financed for used and new car financing in the United States as of 2nd quarter 2024 (in U.S. dollars) [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1342134/car-financing-payments-and-amount-financed-in-the-us/
Edmunds . "Average payments and amount financed for used and new car financing in the United States as of 2nd quarter 2024 (in U.S. dollars)." Chart. July 2, 2024. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1342134/car-financing-payments-and-amount-financed-in-the-us/
Edmunds . (2024). Average payments and amount financed for used and new car financing in the United States as of 2nd quarter 2024 (in U.S. dollars). Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1342134/car-financing-payments-and-amount-financed-in-the-us/
Edmunds . "Average Payments and Amount Financed for Used and New Car Financing in The United States as of 2nd Quarter 2024 (in U.S. Dollars)." Statista, Statista Inc., 2 Jul 2024, https://www.statista.com/statistics/1342134/car-financing-payments-and-amount-financed-in-the-us/
Edmunds , Average payments and amount financed for used and new car financing in the United States as of 2nd quarter 2024 (in U.S. dollars) Statista, https://www.statista.com/statistics/1342134/car-financing-payments-and-amount-financed-in-the-us/ (last visited December 19, 2024)
Average payments and amount financed for used and new car financing in the United States as of 2nd quarter 2024 (in U.S. dollars) [Graph], Edmunds , July 2, 2024. [Online]. Available: https://www.statista.com/statistics/1342134/car-financing-payments-and-amount-financed-in-the-us/
