New Mexico Auto Loan Snapshot
| Metric | New Mexico |
|---|
| Average Vehicle Price | $34,000 |
| Average Loan Balance | $28,700 |
| Typical APR | 7.5% |
| Median Household Income | $61,964 |
| State Income Tax | 1.7%–5.9% |
Estimated Monthly Payment in New Mexico
| Loan Amount | 60 mo | 72 mo | 84 mo |
|---|
| $23,000 | $461 | $398 | $353 |
| $28,700 | $575 | $496 | $440 |
| $34,400 | $689 | $595 | $528 |
Auto Financing
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