Sentences with phrase «average new car loan»

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.
Keep in mind that, as of the first quarter of the year, the average new car loan came in at well over $ 30,000.
Although no figures were released yet for this quarter, last year's average new car loan was for $ 31,099, according to Experian data.
Part of the reason for the trend of increasing auto loan balances is that the dollar amount of each average new car loan has increased steadily over the past few years.
In the U.S. the average new car loan was 5.5 years, compared with six years in Canada.
More depressing is the fact that the average new car loan surged to $ 28,936 during this time — that's just a hair less than the average debt burden of college students who graduated from four - year schools in 2015.
The average new car loan in the fourth quarter of 2016 worked out to $ 30,621, according to a recent Experian survey, while the average used car loan was $ 19,329.
After all, the average new car loan in our beloved country is over $ 500 per month, and the average credit card debt among households carrying a balance is over $ 9,000.
As Experian's Q1 State of the Automotive Finance Market reported recently, the average new car loan surged to $ 30,534 at the beginning of the year.
Even crazier, the average new car loan term lasts 69 months!
a b c d e f g h i j k l m n o p q r s t u v w x y z