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The Average Owner Credit Score and Loan Payment for 10 Popular Cars

By Len Penzo

In case you missed it, the other day ZeroHedge published a story on the soaring car repossession rate that included some interesting data from Experian comparing the average credit scores and loan payments for owners of ten popular car models. I don’t have much to add, although I am a bit surprised as some of the credit numbers — especially the high average score for CR-V owners compared to some of the other cars on the list.

If you see anything in these figures that seem out of the ordinary or otherwise stand out to you, feel free to share your thoughts below.

Car Payments and Credit Scores

August 26, 2014

Comments

  1. 1

    Randall says

    The only “unusual” thing I notice is how close my numbers were to the average when I bought a Ford Escape a few years ago.

  2. 2

    Angela Wiebe says

    just curious are these based on monthly payments or bi-weekly??

    • 3

      Len Penzo says

      Monthly.

  3. 4

    Ben @ The Wealth Gospel says

    Very interesting! I work in the auto finance industry and I’ll tell you that the average score drops significantly for other cars. But now that I see the numbers for the ones you listed, it does sound about right.

    • 5

      Len Penzo says

      Cool. Thanks for the affirmation, Ben.

  4. 6

    Olivia says

    I’d be curious to know what the credit scores are for people who pay cash and buy used. That info would be harder to come by. Another question, this one for Ben (The Wealth Gospel), in your experience, what are the scores for people who buy Jaguars?

    • 7

      Len Penzo says

      That would be interesting to know, Olivia. If I had to guess, I bet the average score is 750, if not higher.

  5. 8

    Marcia says

    Hmm…I don’t really know what to think about this. Does it really matter? As far as I can tell, all of these cars fall into about the same category.

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