For used vehicles, the average loan amount increased $437 from last year, to $18,411. Experian says the average length of a new-car loan in the fourth quarter rose to an average 66 months, and a used car loan hit 62 months.
https://www.usatoday.com/story/money/cars/2015/03/04/new-car-loan-record-payment/24363041/
That would leave you only $5,196 of the original $10,000 limit for car loan payments — or $433 a month. Bankrate’s auto loan calculator shows a monthly payment of $433 a month for 48 months at a current auto loan rate of 7.25 percent equates to a loan amount of $17,994. 6. Do some of your own maintenance.
http://www.bankrate.com/auto/a-tightwads-10-tips-to-trim-car-costs/
More From Bankrate. 1  Top 10 check-engine light car repairs Auto. 2  Refinance auto loan – When to refinance your car loan Auto. 3  9 most fuel-efficient cars for everyday driving Auto.  9 trucks and suvs with the best resale value Auto.
http://www.bankrate.com/auto/a-tightwads-10-tips-to-trim-car-costs/
Americans' average new-car loan payment hit a record $482 the fourth quarter, and car buyers were paying an average 4.56% for loans, according to researcher Experian Automotive.
https://www.usatoday.com/story/money/cars/2015/03/04/new-car-loan-record-payment/24363041/
The reason why auto payments have skyrocketed in recent years is due to the fact that Americans are buying more expensive automobiles. The report explained that the average amount financed on an auto loan was $29,551 for 2015, an increase of $1,170 from 2015. What's more, long term deals consisting of 73 months or longer have increased by 29% for new vehicles.
http://www.huffingtonpost.com/michael-lazar/the-average-american-auto_b_9405176.html
If you're in the market for a new car, the length of the average auto loan may surprise you. Loans for many years were typically around five years, or 60 months. Buyers now seek varying loan lengths and terms, depending on the vehicle and the state of the economy at the time of purchase.
http://budgeting.thenest.com/long-average-car-loan-27289.html
Car Payment Calculator. Find out what your monthly car payments will be using our car payment calculator. Enter your expected car price and other assumptions, and we'll tell you what the estimated monthly payment will be. You can then apply for a car loan in minutes. $ 0 / month.
https://cars.usnews.com/cars-trucks/financing/car-payment-calculator
That's because the average credit score of a borrower was 711. Back in 2009, this average score was not much higher at 729. With monthly payments this high, some people may find it hard to stick to the terms of their loan during a financially demanding month.
http://www.huffingtonpost.com/michael-lazar/the-average-american-auto_b_9405176.html
Americans' average new-car loan payment hit a record $482 the fourth quarter, and paid an average 4.56% for car loans, according to researcher and data-seller Experian Automotive.
https://www.usatoday.com/story/money/cars/2015/03/04/new-car-loan-record-payment/24363041/
New Car Loans. The average length of new car loans tends to increase in times of economic hardship. The longer term allows for lower payments, which make the purchase more affordable for the buyer on a monthly basis. The average length of an auto loan stretched to 64 months according to Experian, as of 2012.
http://budgeting.thenest.com/long-average-car-loan-27289.html
average loan payment for car
The average loan payment for car is $482.