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Auto Loan Financing and Leasing Statistics

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Auto Leasing and Loan Financing StatisticsData
Total number of auto loan accounts62,300,000
Annual revenue from auto financing interest$98,000,000,000
Number of U.S. based auto financing companies2,168
Annual revenue from subprime financing interest$10,000,000,000
Average auto debt per borrower$17,966
Average auto loan interest rate4.16 %
Breakdown of Car Purchasing Percent of Owners
Percent who purchased car outright36 %
Percent who are leasing21 %
Percent who are financing43 %
Auto Loan Delinquency StatisticsData
Average auto loan delinquency rate (borrowers 60 days or more delinquent on payments)0.95 %
State with the highest auto loan delinquency rate : Texas1.13 %
State with the lowest auto loan deliquency rate : North Dakota0.44 %
Average subprime auto loan delinquency rate4.61 %
Statistic Sources & References
Source: Statistic Brain Research Institute (Online / Direct Response Mail)
Content Author: Statistic Brain

Date research was conducted: September 2, 2017

Auto Loan Financing and Leasing Statistics

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