The Average Auto Loan

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Posted on September 27, 2018 at 05:51 AM



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What Is Average Rate on a Car Loan? | Sapling.com
Contributing Factors National Average Step. At the time of this publication, the average rate on a car loan for a borrower with average credit was 4.31 percent for a 60-month new car loan and 5.15 percent for a 36-month used car loan.
What Is the Average Monthly Car Payment?
The average monthly car payment on a new vehicle in 2017 is a hefty $479, and as of 2016, the average car loan was a whopping $30,032 with an average length of 68 months — that’s over five and a half years! Interest rates on auto loans are also rising and will cost you well over 4 percent annually on average.
Monthly U.S. auto loan rates 2016-2018 | Statistic
This statistic presents the average interest rate on 60-month new car loans in the United States from September 2016 to September 2018. Car loan interest rates amounted to 4.79 percent as of ...

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