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Average Car Loan In The United States (2024): How Much Auto Loan You Can Afford By Annual Salary

by Editor
August 26, 2025
in Auto Loans, Videos
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Average Car Loan In The United States (2024): How Much Auto Loan You Can Afford By Annual Salary
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1 in 5 Americans have a automobile mortgage of $1,000/month. As of Q1 2024, Edmunds reviews that the month-to-month common new automobile fee within the United States is $735/month (7.1% APR), and the common Americans is paying $546/month (11.7% APR) on auto loans for a used car. The common U.S. annual family revenue is about $106,270 a 12 months (median: $74,202).

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#price range #personalfinance #automobile

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