Americans are increasingly accumulating large debts on car loans. Car loans have become even more popular for new SUVs on the car market. Why are SUVs so popular in USA?
In 2019, the average amount borrowed for a new car was $31,299. In general, the total loan amount for all US lenders in 2019 is more than 1 trillion. dollars. We can say that half of the US population relies on a loan to finance the purchase of a car.
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SUV Loans Price Research
Loan payment subject to 50% down payment*
SUV Loan Acura MDX Hybrid 2020 $52900
SUV Loan Acura RDX 2020 $37600
SUV Loan BMW X5 2019 $60700
SUV Loan BMW X6 2020 $63550
SUV Loan BMW X7 2020 $73900
SUV Loan Ford Escape 2019 $24105
SUV Loan Ford Explorer 2020 $32765
SUV Loan Ford Expedition 2020 $52810
