{"id":22640,"date":"2025-12-17T19:09:25","date_gmt":"2025-12-17T19:09:25","guid":{"rendered":"https:\/\/incredipros.com\/?p=22640"},"modified":"2025-12-17T19:09:26","modified_gmt":"2025-12-17T19:09:26","slug":"states-with-the-highest-car-loan-balances","status":"publish","type":"post","link":"https:\/\/incredipros.com\/?p=22640","title":{"rendered":"States With The Highest Car Loan Balances"},"content":{"rendered":"<div xmlns:default=\"http:\/\/www.w3.org\/2000\/svg\">\n<div id=\"block_fc74f061b86c0d89d7472b2485ae997c\" class=\"key-takeaways sm:border-l-4 border-(--accent) sm:pl-8 my-8 relative\" style=\"--accent: var(--color-blue-medium)\">\n    <!-- htmlmin:ignore --><\/p>\n<h2 class=\"heading-4 mt-0 mb-4 text-crop-none max-sm:flex max-sm:items-center max-sm:gap-4\" id=\"key-takeaways\" data-position=\"0\" data-beam-element-viewed=\"\" data-id=\"br-h2-0-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Key takeaways\" data-outcome=\"\">\n    <span class=\"shrink-0\">Key takeaways<\/span><br \/>\n        <span class=\"max-sm:h-0.5 max-sm:w-full max-sm:w-full max-sm:bg-(--accent) max-sm:rounded-full max-sm:block\"\/><br \/>\n    <\/h2>\n<p>    <!-- htmlmin:ignore --><\/p>\n<ul class=\"flex flex-col text-gray-700 mb-0 gap-2 list-disc\">\n<li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            Texas has the highest car loan balance of $7,920.\n                                                <\/li>\n<li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            While vehicle expenses vary across the country, drivers can still work to secure a competitive rate by improving their credit and comparing different lenders.\n                                                <\/li>\n<li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            Vehicle affordability is still a challenge for many drivers and has resulted in more auto loan delinquencies.\n                                                <\/li>\n<\/ul>\n<\/div>\n<p>Geographical location isn\u2019t a big factor influencing auto loan rates, payments or delinquency rates. Rather, they are determined by a driver\u2019s credit score and history, income, debts and the loan amount and term. But when you break those stats down by location, you get a peek at the economic conditions in each state.<\/p>\n<p>Over the past year, drivers have had to borrow more for their vehicles. These higher auto loan balances, combined with steep interest rates, have made vehicle ownership a challenge for many. As interest rates and loan balances increase, find out how your home state is doing.<\/p>\n<h2 id=\"stats\" data-position=\"1\" data-beam-element-viewed=\"\" data-id=\"br-h2-1-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Car payment statistics\" data-outcome=\"\">Car payment statistics<\/h2>\n<section class=\"editorial-insight-box --insight-box +mg-vertical-md\" data-template=\"insight_box\">\n<div class=\"card-body border-l-4 border-blue-800\">\n<div class=\"content-wrapper\">\n<div class=\"content wysiwyg wysiwyg--flush\">\n<ul>\n<li>The average monthly payment for new cars is $748, according to third quarter data from Experian.<\/li>\n<li>The average monthly payment for used cars is $532, according to Experian.<\/li>\n<li>New cars cost an average of $48,841, according to Kelley Blue Book.<\/li>\n<li>The average loan term for new cars is 69.07 months, and rates sat at an average of 6.56%. (Experian)<\/li>\n<li>The average loan term for used cars is 67.43 months, and used cars had an average rate of 11.40%. (Experian)<\/li>\n<li>Drivers pay an average down payment of $4,078 for used vehicles, according to Edmunds.<\/li>\n<\/ul>\n<\/div><\/div>\n<\/p><\/div>\n<\/section>\n<h2 id=\"high\" data-position=\"2\" data-beam-element-viewed=\"\" data-id=\"br-h2-2-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"States with the highest car loan balance\" data-outcome=\"\">States with the highest car loan balance<\/h2>\n<p>An auto loan balance is the remaining amount a driver has to pay on their loan. The amount that drivers are spending on their vehicles has been on an upward trend since 2020, according to the Federal Reserve, at $1.63 trillion nationally.<\/p>\n<p>The average car loan balance across the country is $5,680, according to the Federal Reserve. Below are the 10 states with the highest car loan balances in the country.<\/p>\n<div class=\"w-full overflow-x-auto\">\n<table class=\"wp-block-table is-style-stripes wrapped\">\n<thead>\n<tr>\n<th class=\"has-text-align-left\" data-align=\"left\">State<\/th>\n<th class=\"has-text-align-left\" data-align=\"left\">Average car loan balance<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Texas<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$7,920<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Louisiana<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$6,890<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">New Mexico<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$6,780<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">North Dakota<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$6,630<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Florida<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$6,560<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Georgia<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$6,530<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Mississippi<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$6,470<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Arkansas<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$6,330<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">West Virginia<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$6,320<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Oklahoma<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$6,270<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>While vehicle costs have been leveling out, they are still not at pre-pandemic levels, explains Satyan Merchant, senior vice president and automotive and mortgage business leader at TransUnion.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAffordability continues to pose a challenge for the used vehicle market and, in particular, for below prime consumers, who have seen a buying climate of higher interest rates, increasing lender pullback, and cross-wallet inflation. While some brands continue to see lingering shortages, new vehicle inventories continue to recover from their pandemic-era lows.\u201d<\/p>\n<p><cite>\u2013 Satyan Merchant<\/cite>\n<\/p><\/blockquote>\n<section class=\"editorial-insight-box --insight-box +mg-vertical-md\" data-template=\"insight_box\">\n<div class=\"card-body border-l-4 border-blue-800\">\n<div class=\"content-wrapper\">\n<p>\n                    Looking ahead\n                <\/p>\n<div class=\"content wysiwyg wysiwyg--flush\">\n<p>New vehicle prices and used car prices are getting closer together as used car price averages increased to over $30,000 in the first quarter of 2025, according to Edmunds. Ideally, those purchasing in the coming year will be able to find better car prices, but new tariffs may mean prices continue to rise for both new and used vehicles.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<\/section>\n<p>In addition, drivers have been choosing longer loan terms to lower the monthly cost of their car payments. Average used vehicle terms in the second quarter of 2025 reached 67.24 months. New vehicle terms told a similar story, with drivers financing for an average of 68.87 months.<\/p>\n<h3>Average car payment by state<\/h3>\n<div class=\"w-full overflow-x-auto\">\n<table class=\"wp-block-table is-style-stripes wrapped\">\n<thead>\n<tr>\n<th class=\"has-text-align-left\" data-align=\"left\">State<\/th>\n<th class=\"has-text-align-left\" data-align=\"left\">Average used car APR<\/th>\n<th class=\"has-text-align-left\" data-align=\"left\">Average monthly payment<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Hawaii<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">12.55%<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$729<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Mississippi<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">12.89%<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$775<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Louisiana<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">12.42%<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$806<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Georgia<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">12.39%<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$808<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">New Mexico<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">12.86%<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$798<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Nevada<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">11.95%<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$775<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">West Virginia<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">11.55%<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$743<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Alaska<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">10.07%<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$861<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Texas<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">11.78%<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$776<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">South Carolina<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">12.17%<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$782<\/td>\n<\/tr>\n<\/tbody>\n<tfoot>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\"><em>Sources: iSeeCars and Edmunds<\/em><\/td>\n<td class=\"has-text-align-left\" data-align=\"left\"\/>\n<td class=\"has-text-align-left\" data-align=\"left\"\/>\n<\/tr>\n<\/tfoot>\n<\/table>\n<\/div>\n<p>The average monthly payment figures for each state were calculated using a combination of the average used car price, interest rate for each state and a 60-month loan term. However, we didn\u2019t factor in a down payment, which would reduce the monthly payment.<\/p>\n<p>Loan terms typically last between 24 and 84 months. A few lenders even offer 96-month terms. A longer term lowers the monthly cost, but it leads to a higher cost overall.<\/p>\n<p>The interest rate you pay for your vehicle depends on various factors, such as your credit, the vehicle type, and the terms you choose. According to third quarter 2025 data from Experian, drivers can expect to pay around 6.56% for new cars and 11.40% for used cars.<\/p>\n<h3>Average used car price by state<\/h3>\n<div class=\"w-full overflow-x-auto\">\n<table class=\"wp-block-table is-style-stripes wrapped\">\n<thead>\n<tr>\n<th class=\"has-text-align-left\" data-align=\"left\">State<\/th>\n<th class=\"has-text-align-left\" data-align=\"left\">Average used car price<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Wyoming<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$41,405<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Alaska<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$40,462<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Montana<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$38,943<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">North Dakota<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$37,773<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">South Dakota<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$37,192<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Idaho<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$37,092<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Arkansas<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$36,343<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Washington<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$36,119<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Georgia<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$36,016<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Louisiana<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$35,893<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>SUVs remain the most popular new vehicle type, totaling over 63% of financed vehicles in the third quarter of 2025, according to Experian.<\/p>\n<h3>Car loan delinquency by state<\/h3>\n<div class=\"w-full overflow-x-auto\">\n<table class=\"wp-block-table is-style-stripes wrapped\">\n<thead>\n<tr>\n<th class=\"has-text-align-left\" data-align=\"left\">State<\/th>\n<th class=\"has-text-align-left\" data-align=\"left\">Average delinquency rates<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Texas<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">7.92%<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Florida<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">6.54%<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Nevada<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">6.39%<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Arizona<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">6.23%<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">California<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">5.42%<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Ohio<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">5.11%<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Pennsylvania<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">4.93%<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">New Jersey<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">4.91%<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Illinois<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">4.81%<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Michigan<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">4.77%<\/td>\n<\/tr>\n<\/tbody>\n<tfoot>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\"><em>Source: New York Fed Consumer Credit Panel<\/em><\/td>\n<td class=\"has-text-align-left\" data-align=\"left\"\/>\n<\/tr>\n<\/tfoot>\n<\/table>\n<\/div>\n<p>Texas has the highest average car loan balance and also the highest average delinquency at 7.92 percent. Florida has the second highest at 6.54 percent, notably more than a point lower than the Texas rate.<\/p>\n<p>When it comes to prioritizing your payment, the key is preparedness. To do this, you must only finance what you can afford. The best way to do this is to calculate your monthly payment and your loan\u2019s lifetime interest, then compare it with your budget.<\/p>\n<h2 id=\"low\" data-position=\"3\" data-beam-element-viewed=\"\" data-id=\"br-h2-3-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"States with the lowest car loan balance\" data-outcome=\"\">States with the lowest car loan balance<\/h2>\n<div class=\"w-full overflow-x-auto\">\n<table class=\"wp-block-table is-style-stripes wrapped\">\n<thead>\n<tr>\n<th class=\"has-text-align-left\" data-align=\"left\">State<\/th>\n<th class=\"has-text-align-left\" data-align=\"left\">Average auto loan balance<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Hawaii<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$4,090<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Oregon<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$4,270<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Massachusetts<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$4,290<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">New York<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$4,460<\/td>\n<\/tr>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\">Connecticut<\/td>\n<td class=\"has-text-align-left\" data-align=\"left\">$4,520<\/td>\n<\/tr>\n<\/tbody>\n<tfoot>\n<tr>\n<td class=\"has-text-align-left\" data-align=\"left\"><em>Source: New York Fed Consumer Credit Panel<\/em><\/td>\n<td class=\"has-text-align-left\" data-align=\"left\"\/>\n<\/tr>\n<\/tfoot>\n<\/table>\n<\/div>\n<p>Hawaii takes the gold medal for lowest average auto loan balance, followed closely by Oregon. These states carry averages significantly lower than the national average of $5,680. But as explained, the auto loan balance is independent of ZIP code and rather relates to the economic circumstances of residents.<\/p>\n<p>Financial literacy, income and cost of living all play important roles. When looking at the states with the lowest balances, for example, three out of the five hold some of the highest median household incomes in the country, according to the Census Bureau. Average credit scores also tend to be higher in these states.<\/p>\n<p>Hawaii\u2019s average FICO score is 732, falling under the good category, according to Experian. That\u2019s higher than the national average credit score of 715. The remaining states carry similarly high averages.<\/p>\n<h2 data-position=\"4\" data-beam-element-viewed=\"\" data-id=\"br-h2-4-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"The bottom line\" data-outcome=\"\">The bottom line<\/h2>\n<p>No matter what state you call home, you can still secure a competitive auto loan rate by working to improve your credit score and shopping around with several lenders. While there are factors outside your control, such as vehicle price tags and current rates, the better your credit score is, the better your rates will likely be.<\/p>\n<p>If you are struggling to find a monthly payment that you can afford, consider shopping for bad credit auto loans, which cater to those with little or no credit.<\/p>\n<div class=\"HelpfulCTA mx-auto flex flex-col items-center gap-6 my-6 py-12 text-base border-y border-gray-200\" data-helpful-cta=\"\" data-beam-element-viewed=\"\" id=\"did-you-find-this-helpful\" data-type=\"cta\" data-location=\"article-bottom\" data-position=\"banner\" data-text=\"Did you find this page helpful?\">\n<div class=\"HelpfulCTA-initial w-full flex flex-col items-center gap-4\" data-cta-initial=\"\">\n<div class=\"HelpfulCTA-question text-lg font-bold text-center text-gray-900\">\n            Did you find this page helpful?<\/p>\n<div id=\"bNEsqfeTkf\" class=\"hidden\">\n<div class=\"wysiwyg wysiwyg--sm wysiwyg--flush max-w-xs\">\n<p class=\"mb-6 text-base\">\n                            <strong class=\"block font-bold text-gray-900\">Why we ask for feedback<\/strong><br \/>\n                            Your feedback helps us improve our content and services. 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4.175c-.28-.14-.41-.215-.56-.27a1.796 1.796 0 0 0-.344-.085c-.151-.022-.313-.01-.625-.022H7.503Zm11.596.001c-.625 0-1.077 0-1.228.076a.72.72 0 0 0-.323.322c-.075.15-.075.603-.075 1.226v7.68c0 .623 0 1.075.075 1.226.075.14.183.247.323.322.15.075.603.075 1.228.075h.16c.625 0 1.078 0 1.228-.075a.778.778 0 0 0 .324-.322c.075-.151.075-.603.075-1.227V5.423c0-.623 0-1.076-.075-1.226a.722.722 0 0 0-.324-.322c-.15-.076-.603-.076-1.227-.076h-.161Z\" class=\"icon-base\"\/><\/default:svg><\/span> <span class=\"text-base leading-4\">No<\/span><br \/>\n            <\/button>\n        <\/div>\n<\/p><\/div>\n<p>    <!-- Yes Form --><\/p>\n<p>    <!-- No Form --><\/p>\n<div class=\"HelpfulCTA-thankyou flex flex-col items-center gap-2\" data-cta-thankyou=\"\" style=\"display:none;\">\n<p>Thank you for your<br \/>\n            feedback!<\/p>\n<p>Your input helps us improve our<br \/>\n            content and services.<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<p>Read the full article <a 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While vehicle expenses vary across the country, drivers can still work to secure a competitive rate by improving their credit and comparing different lenders. Vehicle affordability is still a challenge for many drivers and has resulted in more auto loan delinquencies. Geographical location isn\u2019t<\/p>\n","protected":false},"author":1,"featured_media":22641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":{"0":"post-22640","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-homes"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>States With The Highest Car Loan Balances | IncrediPros<\/title>\n<meta name=\"description\" content=\"Key takeaways Texas has the highest car loan balance of $7,920. 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