Paying for a car is a huge financial burden for most, but a recent report reveals that Mississippians are most vulnerable to ...

and minimum and maximum loan terms. The overall average car loan interest rate is 6.84% for new cars and 12.01% for used cars. However, there are several factors that can influence what APRs you get.

On average, drivers financing a new vehicle had a car loan length of 67.98 months, while used borrowers had a term of 67.20 months, according to Experian. How long should you finance a car for?

The average cost of full coverage car insurance is about $223 per month. New loan amounts increased slightly, year over year in the fourth quarter, from $40,484 in 2023 to $41,572 in 2024.

The average APR for a new car loan was 7.18%, according to Experian's State of the Automotive Finance Market report for the first quarter of 2024. The average APR for used car loans was 11.93% ...

According to data from Experian’s State of the Automotive Finance Market report for the third quarter of 2024, the average APR for a new car loan was 5.08% for super prime borrowers with ...

The average car loan term is 68.48 months for a new car and 67.41 months for a used car, or close to six years, according to Experian data. The average length of auto loans for new and used ...

the average auto lease payment was $638—lower than the average monthly auto loan payment of $655. The difference between average lease payments and average auto loan payments has narrowed from a ...