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What Is the Average Car Payment in 2024?

Dec 10, 2024 | Auto Loans, Low Credit

Curious about the average car payment in 2024? For many drivers, monthly payments are a significant factor in car ownership costs. This year, the average payment for a new car is around $700, while used car payments hover closer to $500. These averages can vary depending on factors like loan terms, credit scores, and the size of the down payment. Understanding these numbers can help you set realistic expectations when planning your car purchase.

Finding the right financing option is key to ensuring your car payments fit within your budget. At Onyx Financial, we specialize in helping drivers secure loans that work for their financial situation, even if they have low or bad credit. By offering flexible financing plans, we aim to make car ownership accessible to a wider range of customers.

If you’re considering purchasing a car in 2024, it’s important to explore your options and choose a plan that aligns with your financial goals. Whether you’re shopping for a new or used vehicle, Onyx Financial can guide you through the process and help you find a payment plan that meets your needs. Start your journey today and drive away with confidence!

What Is the Average Car Payment in 2024? – Video Transcription:

Curious about the average car payment in 2024? On average, drivers are paying around $700 a month for new cars and $500 a month for used cars, though these numbers can vary based on loan terms, credit score, and down payment. At Onyx Financial, we’re here to help you find financing that fits your budget, even if you have low credit. With flexible options designed to meet your financial needs, we make it easier for you to get behind the wheel without breaking the bank. Ready to explore your options? Let Onyx Financial help you find the car and payment plan that’s right for you.

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