National Average Car Payment 2024 National Average

National Average Car Payment 2024 National Average. That’s a 3.6% ($25) increase from q3 2022, when the average car payment was $701 per month. Actual interest rates are based on many factors such as state, down payment, income, and others.

At the same time, the average car payment for new vehicle leases was $597 per month as of q3 2023, a comparable 4.6%. The average cost of full coverage car insurance is about $196 per month.