The average loan amount for a used car purchased at an independent dealer was $17,002, resulting in an average monthly payment of $348. Your new car loan could come in a low average interest rate of 5.11%, depending on your creditworthiness. However, franchise cars average a loan rate of 7.68%, For new vehicles, the average LTV ratio on loans resulting in charge-offs in the deep subprime category is 112.09 percent compared to an average LTV ratio of 103.85 percent for all loans. In the Super Prime category, the average LTV for a charged-off loan is 126.84 percent compared to 93.85 percent for all loans. Separately, looking at the Subprime and Deep Subprime segments, you can really see the dramatic changes that have occurred in the performance of recent auto vintages. Holding score segments constant, the data indicates a rate of credit deterioration in the Subprime and Deep Subprime segments that we have not observed since at least 2008