Average New Car Payment 2024. Was $735 a month in the first quarter of 2024, according to a recent report from lendingtree, which analyzed experian. According to the most recent data from cox automotive, the average transaction price for new cars is $48,397.
That’s down 3% from the peak of $49,929 in december 2022. 58.19 percent of vehicles financed in the second quarter of 2024 were used vehicles.