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2. The Average Used Car Payment Is $200 Less Than a New Car ...

   www.aol.com/average-used-car-payment-200...

   With an average interest rate around 10.488%, you'll pay around $6,508.90 in interest over the life of the loan if you purchase a used car for $20,000 and pay $395.66 per month.

3. The Average Car Payments for New and Used Cars in 2024 - AOL

   www.aol.com/finance/average-car-payments-used...

   As with almost everything else, car payments became much more expensive in the last year, and 2024 isn't looking any better. Consumer Reports explained that the car market has become increasingly...

4. How to save for a car: A step-by-step guide - AOL

   www.aol.com/finance/save-car-step-step-guide...

   2. Calculate your down payment. Before you head to the lot to buy a car, take the time to calculate your down payment.This amount will depend on your unique financial situation and the kind of car ...

5. Some auto lease deals give consumers a way to save $200 or so ...

   www.aol.com/auto-lease-deals-consumers-way...

   By comparison, the average auto loan payment would be $707 a month for a similar vehicle. In June, new car buyers who took out a car loan to finance their purchase paid an average rate of 7.3% for ...

6. The Average Cost of Auto Payments in 2024: US vs. Canada - AOL

   www.aol.com/finance/average-cost-auto-payments...

   About 80% of new cars are financed with either a loan or lease in the United States, according to 2023 data from the Federal Reserve.... The Average Cost of Auto Payments in 2024: US vs. Canada ...

7. I’m a Financial Planner: Don’t Spend More Than 15% of Your ...

   www.aol.com/m-financial-planning-expert-most...

   Currently, the average interest rate on a new car loan is 6.58%. If you get a 48-month loan with that interest rate, that means you can afford a car with a purchase price of roughly $22,000, with ...