Michigan Auto Loan Snapshot
| Metric | Michigan |
|---|---|
| Average Vehicle Price | $35,100 |
| Average Loan Balance | $29,900 |
| Typical APR | 7.2% |
| Median Household Income | $71,149 |
| State Income Tax | 4.05% |
Estimated Monthly Payment in Michigan
| Loan Amount | 60 mo | 72 mo | 84 mo |
|---|---|---|---|
| $23,900 | $476 | $410 | $363 |
| $29,900 | $595 | $513 | $454 |
| $35,900 | $714 | $616 | $545 |