Average car loan and monthly payment?

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Old Oct 15, 2004 | 07:47 AM
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Average car loan and monthly payment?

Anyone have any statistics on what the avarage car loan and terms of the average loan are?

Curious is all...
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Old Oct 15, 2004 | 08:19 AM
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For accross the nation? Interesting question.
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Old Oct 15, 2004 | 08:25 AM
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From: Northern DEL-A-Where?
http://www.federalreserve.gov/releases/g19/Current/

From the Fed. Not sure if it's what you're looking for, but it does give a historic breakdown of the average rates on new/used car loans & average terms(easy to figure payt from that, etc).
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Old Oct 15, 2004 | 08:45 AM
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Originally Posted by chris3240929
http://www.federalreserve.gov/releases/g19/Current/

From the Fed. Not sure if it's what you're looking for, but it does give a historic breakdown of the average rates on new/used car loans & average terms(easy to figure payt from that, etc).
Perfect!
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Old Oct 15, 2004 | 08:52 AM
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Y/W, Senior Scribbly.
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Old Oct 15, 2004 | 09:02 AM
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so what is it Scrib??
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Old Oct 15, 2004 | 09:05 AM
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Originally Posted by gdubb
so what is it Scrib??


The data is right there...

I figured it'd be over 20K with a 60+ month term... Interesting to see when the rates were really low, people were financing pratically the whole cost of the car (damn big 3 zero percent incentives)... Some quarters were over 27k!!!
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Old Oct 15, 2004 | 09:39 AM
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Notice how LTV moves around in times when there are big rebates. It's all smoke & mirrors.

Some good data there on credit cards too.
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Old Oct 15, 2004 | 11:46 AM
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Originally Posted by chris3240929
Notice how LTV moves around in times when there are big rebates. It's all smoke & mirrors.

Some good data there on credit cards too.
Exactly... I was expecting to see 100%
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