Between 2015 and 2022, the average amount of money borrowed for the financing of used cars in the United States has increased by nearly 9,000 U.S. dollars. The average amount of used car financing in the U.S. amounted to 27,945 U.S. dollars in the first quarter of 2022. This trend can also be seen in the size of new car loans during the same period.
Average amount of used car financing in the United States from 2015 to 2022
(in U.S. dollars)
Characteristic
Financing amount in U.S. dollars
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Experian. (May 23, 2022). Average amount of used car financing in the United States from 2015 to 2022 (in U.S. dollars) [Graph]. In Statista. Retrieved September 07, 2024, from https://www.statista.com/statistics/453327/average-used-automobile-financing-amount-usa/
Experian. "Average amount of used car financing in the United States from 2015 to 2022 (in U.S. dollars)." Chart. May 23, 2022. Statista. Accessed September 07, 2024. https://www.statista.com/statistics/453327/average-used-automobile-financing-amount-usa/
Experian. (2022). Average amount of used car financing in the United States from 2015 to 2022 (in U.S. dollars). Statista. Statista Inc.. Accessed: September 07, 2024. https://www.statista.com/statistics/453327/average-used-automobile-financing-amount-usa/
Experian. "Average Amount of Used Car Financing in The United States from 2015 to 2022 (in U.S. Dollars)." Statista, Statista Inc., 23 May 2022, https://www.statista.com/statistics/453327/average-used-automobile-financing-amount-usa/
Experian, Average amount of used car financing in the United States from 2015 to 2022 (in U.S. dollars) Statista, https://www.statista.com/statistics/453327/average-used-automobile-financing-amount-usa/ (last visited September 07, 2024)
Average amount of used car financing in the United States from 2015 to 2022 (in U.S. dollars) [Graph], Experian, May 23, 2022. [Online]. Available: https://www.statista.com/statistics/453327/average-used-automobile-financing-amount-usa/
