P
Pulsafi

Average Auto Loan Payment (2026)

$745
Average monthly payment on a new car loan
Summary

The average monthly payment on a new car loan is $745 in 2026, with the average loan balance at $40,300 and average term of 68 months. Used car loans average $542/month on $26,800 balances. About 17% of new car borrowers now have payments above $1,000/month — a record high.

Breakdown

Avg new car payment$745/mo
Avg new car loan amount$40,300
Avg new car loan term68 months
Avg used car payment$542/mo
% paying $1,000+/mo17%
Avg auto loan APR (new)7.4%
Source
Experian State of the Automotive Finance Market· As of 2026-Q1

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All Pulsafi stats are sourced from primary government data and major financial institutions. Read the full methodology and data-sources page.