Torie Valentine

Average Monthly Car Payment 2024. As of february 2024, the average amount consumers needed to repay all of their monthly debt obligations climbed to $1,225. (experian) 41.81 percent of vehicles financed in the second quarter of 2024 were new.

Overall, the cost of having and keeping a car has never been more. Car payments are up heading into 2024, whether you’re looking for a new or used vehicle for purchase or lease.