The average used vehicle loan amount for independent dealerships increased by nearly $500 in 2025.
According to data curated for the NIADA Used Car Industry Report released Monday, the average loan amount grew to $23,276 from $22,808 at the end of 2024. It was the highest loan amount since 2022’s $24,022.
The 2025 Used Car Industry Report, with hundreds of data points from various sectors of the industry, is available to download for free for NIADA members through March 31 at niada.com/ucir. After April 1, the price is $225 for members and $450 for non-members.
Along with the average loan amount increase, the data showed the monthly payment grew to $496 from $491. The average loan rate eased a bit for consumers, falling to 13.78 percent from 14.11 percent.
The average term was 65.43 months, a growth of nearly three months from 2019. The average credit score on applications was 662, which was down from 664 in 2024.
