Minnesota Auto Loan Snapshot
| Metric | Minnesota |
|---|
| Average Vehicle Price | $37,100 |
| Average Loan Balance | $31,800 |
| Typical APR | 6.9% |
| Median Household Income | $84,313 |
| State Income Tax | 5.35%–9.85% |
Estimated Monthly Payment in Minnesota
| Loan Amount | 60 mo | 72 mo | 84 mo |
|---|
| $25,400 | $502 | $432 | $382 |
| $31,800 | $628 | $541 | $478 |
| $38,200 | $755 | $649 | $575 |
Auto Financing
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