Monthly car loan payments in the United States tend to increase each year, which contributes to an ever increasing cost of living. The average monthly payment for used car financing in the U.S. amounted to 413 U.S. dollars in the fourth quarter of 2020.
Average monthly payment for used vehicle financing in the United States from 2015 to 2019 (in U.S. dollars)
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Experian. (March 31, 2021). Average monthly payment for used vehicle financing in the United States from 2015 to 2019 (in U.S. dollars) [Graph]. In Statista. Retrieved August 08, 2022, from https://www.statista.com/statistics/453347/monthly-payment-for-used-car-financing-usa/
Experian. "Average monthly payment for used vehicle financing in the United States from 2015 to 2019 (in U.S. dollars)." Chart. March 31, 2021. Statista. Accessed August 08, 2022. https://www.statista.com/statistics/453347/monthly-payment-for-used-car-financing-usa/
Experian. (2021). Average monthly payment for used vehicle financing in the United States from 2015 to 2019 (in U.S. dollars). Statista. Statista Inc.. Accessed: August 08, 2022. https://www.statista.com/statistics/453347/monthly-payment-for-used-car-financing-usa/
Experian. "Average Monthly Payment for Used Vehicle Financing in The United States from 2015 to 2019 (in U.S. Dollars)." Statista, Statista Inc., 31 Mar 2021, https://www.statista.com/statistics/453347/monthly-payment-for-used-car-financing-usa/
Experian, Average monthly payment for used vehicle financing in the United States from 2015 to 2019 (in U.S. dollars) Statista, https://www.statista.com/statistics/453347/monthly-payment-for-used-car-financing-usa/ (last visited August 08, 2022)