In the Experian 2023 State of Auto Financing Report, it was found that the average new monthly car payment has increased to $738, with an average term of 67.87 months. The report also highlights a rise in car loan delinquencies, with 3.9% of outstanding auto debt being at least 90 days late in Q3 2023.

Full report at the link...

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Experian Posts the State Of Auto Financing Report. OR, As We're Calling It, Buyers Are PAYING OUT THEIR ASSES For Their Vehicles!

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