Average Monthly Car Payment 2024 Australia

Average Monthly Car Payment 2024 Australia. In australia, the average interest rate on car loans typically ranges from around 5% to 12% per annum (p.a.), though may be higher. How much are australians borrowing on average?


Average Monthly Car Payment 2024 Australia

The average monthly car payment for new cars is $734, while used cars had a slightly lower payment of $525. Average loan payments tally $11,015 each year per household, according to second quarter 2024 data from the aaa.

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