The average monthly payment for new cars sat between $700 and$800 in the third quarter of 2025, according to Experian . Used cars had a smaller range, from around $500 to a little over$550.The average cost of full coverage car insurance is about $225 per month for full coverage and$68 per month for minimum coverage.Banks are the most common choice for financing new and used auto loans (31.30%), but credit unions (23.72%) and captive financing (18.98%) follow shortly behind.Longer loan terms are also beco ...