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

Agent001 submitted on 2/29/2024 Auto Spies Photos Timestamp: 11:35:47 PM

Views : 3,690 | Category: Reviews | Source: | SOURCE: www.experian.com

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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...

Experian has released their State of the Automotive Finance Market Q4 2023 Report, and it looks like the average new monthly car payment as of Q4 23 is $738, and the average term is 67.87 months. Full report here: https://t.co/mkJ3v6XENL pic.twitter.com/6BE43zPhRA
— Zerin Dube (@SpeedSportLife) February 29, 2024