Average Car Loan Rates 2024 Calculator. In q2 2024, the average new car payment was $734 and the average used car payment was $525, according to experian’s state of the automotive finance market report. See the current average car loan interest rates for different credit score ranges, and find out how your credit score can impact your car financing options.

The average car payment for new vehicles was $735 per month in the first quarter of 2024, a 0.4% increase from the first quarter of 2023. The money blog is your place for personal finance and consumer news.