Alabama Auto Loan Snapshot
| Metric | Alabama |
|---|---|
| Average Vehicle Price | $34,200 |
| Average Loan Balance | $28,900 |
| Typical APR | 7.1% |
| Median Household Income | $59,609 |
| State Income Tax | 2%–5% |
Estimated Monthly Payment in Alabama
| Loan Amount | 60 mo | 72 mo | 84 mo |
|---|---|---|---|
| $23,100 | $458 | $395 | $350 |
| $28,900 | $574 | $494 | $438 |
| $34,700 | $689 | $593 | $525 |