In the first quarter of 2022, the average credit score of used car loan originations in the United States was 669. That credit score was significantly lower than that of new car loans. In both cases, however, the average credit score has been slightly increasing during the past years.
Average credit score of used and new car loan originations in the United States from 2017 to 2022
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Statistics on Car financing and leasing in the United States
Car loans
7
- Premium Statistic Composition of household credit in the U.S. 2007-2022, by type of lending
- Premium Statistic Total car loan balances in the U.S. 2006-2022
- Premium Statistic Share of used and new U.S. vehicles with financing 2017-2022
- Premium Statistic Distribution of vehicle loans in the U.S. 2017-2022, by lender type
- Premium Statistic Value of car loans originated in the U.S. 2007-2022, by age
- Premium Statistic Demand for car loans in the U.S. Q1 2012-Q3 2022
- Premium Statistic Tightening standards for car loans in the U.S. 2017-2022
Car leases
4
- Premium Statistic Share of all new U.S. vehicles that are leased 2017-2022
- Premium Statistic Number of leases of new vehicles in the U.S. 1990-2021, by vehicle type
- Premium Statistic Market share of leading new leasing vehicle models in the U.S. 2021
- Premium Statistic U.S. automotive rental and leasing industry ad spend 2020-2021
Interest rates
4
- Premium Statistic Car loan interest rates in the U.S. 2019-2022, by type
- Basic Statistic Monthly car loan rates in the U.S. 2014-2022
- Premium Statistic Annual percentage rate of new car loans in selected U.S. states 2022, by type of car
- Premium Statistic Annual percentage rate of used car loans in selected U.S. states 2022, by type of car
Payments & maturity
6
- Premium Statistic Car financing payments and amount financed in the U.S. Q2 2022
- Premium Statistic Average financing amount of new and used vehicles 2015-2022
- Premium Statistic Average U.S. monthly payment for new and used vehicle financing 2020-2022, by type
- Premium Statistic Average monthly new automobile lease payment in the U.S. 2020-2022
- Premium Statistic Auto loan terms of new and used U.S. vehicles 2021
- Premium Statistic Average maturity of new car loans at finance companies in the U.S. 2011-2022
Risk and delinquency
6
- Premium Statistic Distribution of U.S. car loan originations 2016-2022, by risk segment
- Premium Statistic Value of car loans originated in the U.S. 2004-2022, by risk score
- Premium Statistic Average credit score of new car loans and leases in the U.S. 2015-2022
- Premium Statistic Average credit score of used and new car loan originations in the U.S. 2017-2022
- Premium Statistic Share of car loans transitioning into 90+ delinquency in the U.S. 2007-2022, by age
- Premium Statistic Share of 90+ delinquent auto loan balances in the U.S. 2003-2022
Further related statistics
18
- Leading car finance methods in B2B vehicle sales in Spain in 2019
- Ways of applying for automotive loan or lease in Canada 2018
- Number of new passenger cars in the Netherlands 2009-2019
- Number of new passenger cars in the Netherlands 2009-2019, by segment
- Industry revenue of “rental and leasing of cars and light motor vehicles“ in Denmark 2012-2025
- American households: vehicles primarily used in 2018
- Industry revenue of “rental and leasing of cars and light motor vehicles“ in Cyprus 2012-2025
- Industry revenue of “rental and leasing of cars and light motor vehicles“ in the United Kingdom 2012-2025
- Industry revenue of »rental and leasing of cars and light motor vehicles« in Latvia 2011-2023
- Industry revenue of “rental and leasing of cars and light motor vehicles“ in Norway 2012-2025
- Industry revenue of “rental and leasing of cars and light motor vehicles“ in Finland 2012-2025
- Radio reach among car buyers and leasers in the U.S. in 2016, by ethnicity
- Sixt: revenue by vehicle leasing segment, by location 2013-2018
- Industry revenue of “rental and leasing of cars and light motor vehicles“ in the Netherlands 2012-2025
- Industry revenue of “rental and leasing of cars and light motor vehicles“ in Croatia 2012-2025
- Forecast: revenue car & light motor vehicle rent and lease Turkey 2009-2020
- Evolution of the main methods of financing corporate vehicles in France 2017-2020
- Industry revenue of “rental and leasing of cars and light motor vehicles“ in Hungary 2012-2025
Further Content: You might find this interesting as well
Statistics
- Leading car finance methods in B2B vehicle sales in Spain in 2019
- Ways of applying for automotive loan or lease in Canada 2018
- Number of new passenger cars in the Netherlands 2009-2019
- Number of new passenger cars in the Netherlands 2009-2019, by segment
- Industry revenue of “rental and leasing of cars and light motor vehicles“ in Denmark 2012-...
- American households: vehicles primarily used in 2018
- Industry revenue of “rental and leasing of cars and light motor vehicles“ in Cyprus 2012-2...
- Industry revenue of “rental and leasing of cars and light motor vehicles“ in the United Ki...
- Industry revenue of »rental and leasing of cars and light motor vehicles« in Latvia 2011-2...
- Industry revenue of “rental and leasing of cars and light motor vehicles“ in Norway 2012-2...
- Industry revenue of “rental and leasing of cars and light motor vehicles“ in Finland 2012-...
- Radio reach among car buyers and leasers in the U.S. in 2016, by ethnicity
- Sixt: revenue by vehicle leasing segment, by location 2013-2018
- Industry revenue of “rental and leasing of cars and light motor vehicles“ in the Netherlan...
- Industry revenue of “rental and leasing of cars and light motor vehicles“ in Croatia 2012-...
- Forecast: revenue car & light motor vehicle rent and lease Turkey 2009-2020
- Evolution of the main methods of financing corporate vehicles in France 2017-2020
- Industry revenue of “rental and leasing of cars and light motor vehicles“ in Hungary 2012-...
Experian. (April 15, 2022). Average credit score of used and new car loan originations in the United States from 2017 to 2022 [Graph]. In Statista. Retrieved February 05, 2023, from https://www.statista.com/statistics/882099/average-credit-score-needed-used-car-usa/
Experian. "Average credit score of used and new car loan originations in the United States from 2017 to 2022." Chart. April 15, 2022. Statista. Accessed February 05, 2023. https://www.statista.com/statistics/882099/average-credit-score-needed-used-car-usa/
Experian. (2022). Average credit score of used and new car loan originations in the United States from 2017 to 2022. Statista. Statista Inc.. Accessed: February 05, 2023. https://www.statista.com/statistics/882099/average-credit-score-needed-used-car-usa/
Experian. "Average Credit Score of Used and New Car Loan Originations in The United States from 2017 to 2022." Statista, Statista Inc., 15 Apr 2022, https://www.statista.com/statistics/882099/average-credit-score-needed-used-car-usa/
Experian, Average credit score of used and new car loan originations in the United States from 2017 to 2022 Statista, https://www.statista.com/statistics/882099/average-credit-score-needed-used-car-usa/ (last visited February 05, 2023)
Average credit score of used and new car loan originations in the United States from 2017 to 2022 [Graph], Experian, April 15, 2022. [Online]. Available: https://www.statista.com/statistics/882099/average-credit-score-needed-used-car-usa/