Across generations, the average monthly car payment is $742 for new cars and $545 for used cars, according to Experian. But some generations tend to pay more for their cars than others.
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To find out the average monthly car payment for each generation — and the cars these generations are most likely to be driving — Caribou analyzed thousands of real-life auto loan refinances across the U.S.
Here’s what its analysis found.
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Gen Z
Most popular car: Honda Civic
Average monthly car payment: $648
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Millennials
Most popular car: Chevy Silverado 1500
Average monthly car payment: $733
Gen X
Most popular car: Ford F-150
Average monthly car payment: $757
Baby Boomers
Most popular car: Chevy Silverado 1500
Average monthly car payment: $687
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This article originally appeared on GOBankingRates.com: The Most Popular Car for Each Generation in 2025 — and How Much They Pay Monthly
