1 In 5 New Car Buyers Took On $1,000+ Monthly Payments In Q4
Carscoops
JANUARY 11, 2025
Average loan terms stretched to 68.8 Read: 92% Of EV Owners Will Never Go Back To ICE-Only, New Study Finds Data published by Edmunds reveals that the average loan term in Q4 2024 reached 68.8 New Car Finance Data (Averages) Metric 2024 Q4 2023 Q4 2024 Q3 Loan Term 68.8 New car loans now average $42,113, with 18.9%
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