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2. How does your current debt load compare to the average ... - AOL

   www.aol.com/finance/does-current-debt-load...

   The average U.S. consumer’s auto loan balance in 2023 was $23,792, Experian data shows. That's a lot of money to owe on an asset that naturally loses value over time.

3. Average auto loan debt grew 5.2% in 2023. How will it affect ...

   www.aol.com/average-auto-loan-debt-grew...

   The average auto loan balance held by consumers in the United States increased 5.2% to $23,792 in 2023, according to Experian data. As in 2022, this increase was broadly based, impacting all U.S ...

4. How the Fed's rate cut will impact auto loans

   www.aol.com/finance/feds-rate-cut-impact-auto...

   Since 2022, the higher rates have pushed the average new vehicle loan payment up $108 a month to $967, a 12.5% increase, the analysts found. The analysts estimate that for every 100bps rate cut ...

5. Federal funds rate - Wikipedia

   en.wikipedia.org/wiki/Federal_funds_rate

   Auto loan interest rate 48 months new autos ... 2023: 4.50–4.75 [52] Mar 22, ... Federal Funds Rate Historical Data (including the current rate), Monetary Policy ...

6. Prime rate - Wikipedia

   en.wikipedia.org/wiki/Prime_rate

   Auto loan interest rate 48 months new autos ... As of 26 December 2023 the prime rate was 8.50% in the United States [2] ... Current Rate, Definition & Historical ...

7. Car finance - Wikipedia

   en.wikipedia.org/wiki/Car_finance

   The most common method of buying a car in the United States is borrowing the money and then paying it off in installments. Over 85% of new cars and half of used cars are financed (as opposed to being paid for in a lump sum with cash). [2] Roughly 30% of new vehicles during the same time period were leased. [2]