Average Car Payment 2024. The average auto loan interest rate in the second quarter of 2024 was 6.84% for a new car, according to experian's state of the automotive finance market report, and. This is a benchmark as several factors will determine your actual monthly car payment.

The average car payment in q3 2023 reached a record high of $736 per month for new cars, up 4.5% since q3 2022, and a 32% increase from 2019. Was $735 a month in the first quarter of 2024, according to a recent report from lendingtree, which analyzed.