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What Is the Average Car Loan Length?
The average car loan length is 68 months, which is considered a longer loan term. Here's what you need to know.
Your car loan term is the length of time you have to repay the loan. The average car loan term is close to six years, but a wide range of terms are available. Many, or all, of the products ...
On average, drivers financing a new vehicle had a car loan length of 67.98 months, while used borrowers had a term of 67.20 months, according to Experian. How long should you finance a car for?
The average car loan length is 68 months, according to the 2024 Experian State of the Auto Finance Market report. This is slightly higher than it was the year before. Typically, auto loan terms ...