Average Car Payment 2024 America. The average car payment for new vehicles in the u.s. The average car payment for new vehicles was $726 in the third quarter of 2023, a 3.6% increase from the third quarter of 2022.
One of the primary reasons for the increase in car payments is simply higher car prices. These rates result in an average monthly payment of about $740 for a new car and $552 for a used one.