The Federal Reserve says that 107 million Americans had car loans in 2017 and the average new car loan was for 69 months and a whopping $ 30,294. (debt.org)
Keep in mind that, as of the first quarter of the year, the average new car loan came in at well over $ 30,000. (goodfinancialcents.com)
Although no figures were released yet for this quarter, last year's average new car loan was for $ 31,099, according to Experian data. (lendedu.com)