Median Car Payment 2024

Median Car Payment 2024. Car payments are up heading into 2024, whether you’re looking for a new or used vehicle for purchase or lease. If you're in the market for a new car, you might be asking yourself — how much is the average car payment?

Here is how much an average car payment per month will cost in 2024. Drivers’ average car payments top $730 and $520 for new and used vehicles, respectively, according to experian.