One visitor asked: What is the average car payment?
Car payment averages will vary based on geography, population density, etc. Here are several average payments based on some leading auto sites:
- Wiki Answers reports that the average car payment is between $380 and $460 per month
- Final Call News reports the average car payment at $378 per month
- Some sources report that new car purchases are now financed for over 5 years.
I think it’s safe to say that the average U.S. car payment is between $350 and $500 per month.
What is your monthly car payment? What do think a maximum car payment should be for the average family? Share your thoughts below.