What is the average car payment in California?

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1147923

2026-04-07 07:35

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According to Dave Ramsey at daveramsey.com,

Recent statistics show that one-third of car buyers sign up for a six-year loan at an average interest rate of 9.6%. Among these buyers, the average price of the car is just over $26,000. This means that one-third of the cars you see on the road are dragging a $475 payment behind them.

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