According to multiple sources, the average monthly car payment in the United States varies depending on whether the car is new or used. Here are the average monthly car payments for new and used cars:
- New cars: $729
- Used cars: $528
Its worth noting that these figures are averages and can vary depending on factors such as the loan amount, interest rate, and loan term. Additionally, some sources report even higher average monthly payments for new and used cars, such as $770 and $592, respectively. Its important to consider your own personal and financial details when determining what your monthly car payment should be.