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Auto Loan Financing and Leasing Statistics


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Auto Leasing and Loan Financing Statistics Data
Total number of auto loan accounts 62,300,000
Annual revenue from auto financing interest $98,000,000,000
Number of U.S. based auto financing companies 2,168
Annual revenue from subprime financing interest $10,000,000,000
Average auto debt per borrower $17,966
Average auto loan interest rate 4.16 %
Breakdown of Car Purchasing Percent of Owners
Percent who purchased car outright 36 %
Percent who are leasing 21 %
Percent who are financing 43 %
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Auto Loan Delinquency Statistics Data
Average auto loan delinquency rate (borrowers 60 days or more delinquent on payments) 0.95 %
State with the highest auto loan delinquency rate : Texas 1.13 %
State with the lowest auto loan deliquency rate : North Dakota 0.44 %
Average subprime auto loan delinquency rate 4.61 %
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Statistic Sources & References
Sources: TransUnion, Federal Reserve, Statistic Brain Research Institute
Content Author: Statistic Brain

Date research was conducted: September 2, 2016

Auto Loan Financing and Leasing Statistics

Financial


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