Average U.S. monthly payment for new vehicle financing 2022-2024

Published by
Fernando de Querol Cumbrera,
Sep 11, 2024

Monthly car loan payments in the United States were significantly higher than lease payments in 2024. People leasing a new vehicle paid on average 586 U.S. dollars per month, which is slightly lower than in 2023. Meanwhile, the average loan payment for a new car increased in the past two years, reaching 734 U.S. dollars in 2024.

Average monthly payment for new vehicle financing in the United States from 2012 to 2024 (in U.S. dollars)

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Release date

August 2024

Region

United States

Survey time period

2022 to 2024

Special properties

Data for the second quarter of each year.

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Statistics on " Car financing and leasing in the United States "

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Topics

Car financing and leasing in the U.S.Automotive industry in the United StatesCar brands in the United StatesMotor insurance in the United StatesAutomotive advertising in the U.S.
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