The average car payment can vary widely depending on several factors, including the type of car, the loan term, the interest rate, and the borrower’s creditworthiness. As of my last knowledge update in January 2022, the average monthly car payment for a new car in the United States was around $550, and for used cars, it was approximately $400. It’s important to note that these figures are averages, and individual car payments can be higher […]
