Question: What Is The Average Monthly Car Payment??

The average monthly car loan payment in the U.S.

was $530 for new vehicles and $381 for used ones originated in the third quarter of 2018, according to credit reporting agency Experian.

The average lease payment was $430.

If those figures seem high, that’s because they are — and they’re all up year over year.

What is the average car payment in 2019?

The average monthly car payment was $554 for a new vehicle and $391 for used vehicles in the U.S. during the first quarter of 2019, according to Experian data.

How much should I spend on a car if I make 100000?

The general rule of thumb is that you should not spend more than 20% of your monthly take-home pay on cars, according to Edmunds.com (via Bankrate). So if your after-tax monthly income is $4,000, your total cost of car ownership for ALL of the cars you own should not exceed $800 under this rule.

How much should I spend on a car if I make 60000?

Most financial experts agree that your car expenses (monthly payment, insurance, fuel, taxes, routine maintenance and so forth) should be no more than 15 to 20% of your net income. In our $3,300 example that works out to a maximum of $500 to $660 per month.