In 2023, new car leases were the type of vehicle financing with the highest average monthly payment. Monthly car loan payments in the United States tend to increase each year, with the monthly payment for new car loans reaching 725 U.S. dollars in the third quarter of 2023. The average monthly payment for used car loans in the U.S. amounted to 533 U.S. dollars in the third quarter of 2023.
Average monthly payment for new and used vehicle financing in the United States from 2020 to 2023, by type
(in U.S. dollars)
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Experian. (December 1, 2023). Average monthly payment for new and used vehicle financing in the United States from 2020 to 2023, by type (in U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/453332/monthly-payment-for-used-new-car-financing-usa/
Experian. "Average monthly payment for new and used vehicle financing in the United States from 2020 to 2023, by type (in U.S. dollars)." Chart. December 1, 2023. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/453332/monthly-payment-for-used-new-car-financing-usa/
Experian. (2023). Average monthly payment for new and used vehicle financing in the United States from 2020 to 2023, by type (in U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/453332/monthly-payment-for-used-new-car-financing-usa/
Experian. "Average Monthly Payment for New and Used Vehicle Financing in The United States from 2020 to 2023, by Type (in U.S. Dollars)." Statista, Statista Inc., 1 Dec 2023, https://www.statista.com/statistics/453332/monthly-payment-for-used-new-car-financing-usa/
Experian, Average monthly payment for new and used vehicle financing in the United States from 2020 to 2023, by type (in U.S. dollars) Statista, https://www.statista.com/statistics/453332/monthly-payment-for-used-new-car-financing-usa/ (last visited December 30, 2024)
Average monthly payment for new and used vehicle financing in the United States from 2020 to 2023, by type (in U.S. dollars) [Graph], Experian, December 1, 2023. [Online]. Available: https://www.statista.com/statistics/453332/monthly-payment-for-used-new-car-financing-usa/
