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2. Average length of a car loan nears 70 months - AOL

   www.aol.com/average-length-car-loan-nears...

   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 ...

3. Average auto loan debt grew 5.2% in 2023. How will it affect ...

   www.aol.com/average-auto-loan-debt-grew...

   The average auto loan balance held by consumers in the United States increased 5.2% to $23,792 in 2023, according to Experian data. ... Longer terms on auto loans—the average auto loan term for ...

4. The Average Car Payments for New and Used Cars in 2024 - AOL

   www.aol.com/finance/average-car-payments-used...

   As with almost everything else, car payments became much more expensive in the last year, and 2024 isn't looking any better. Consumer Reports explained that the car market has become increasingly...

5. The Average Cost of Auto Payments in 2024: US vs. Canada - AOL

   www.aol.com/average-cost-auto-payments-2024...

   About 80% of new cars are financed with either a loan or lease in the United States, according to 2023 data from the Federal Reserve.... The Average Cost of Auto Payments in 2024: US vs. Canada ...

6. More drivers than ever are making $1,000+ auto loan payments

   www.aol.com/more-drivers-ever-making-1-160000729...

   As of June 2024, the average auto loan payment among consumers was $655, up from $619 in 2023. Experian. High Auto Loan Payments From An Earlier Era Persist. ... With auto loan terms increasing ...

7. Should You Wait To Buy a Car Until Interest Rates Fall? - AOL

   www.aol.com/finance/wait-buy-car-until-interest...

   In 2021, the average car loan rate was 4.09%, while the latest data from 2023 came in at 7.03%, according to consumer credit reporting agency Experian. ... These costs also depend on factors like ...