GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re able to read more about oureditorial guidelinesand our products and servicesreview methodology.
In some of those places, it costs well over $700 for the average lease payment.
According toExperiandata from the second quarter of 2024, the average monthly car lease payment was $638.
By the way, thats only slightly lower than the average monthly auto loan payment of $655.
Also seethe cost of owning a car for a year in every state.
According to Experian, this could be due to how taxes are collected on leased vehicles.
Vehicle preferences also likely play a part, according to Experian.
More expensive full-size trucks are among the most popular vehicles in Texas.
Powerlast year, the most popular vehicle in Texas at the time was the Ford F-150.
But its quite a bit less expensive than Texas.
California is known for being expensive.
Transportation costs are 30% higher than the national average.
Louisiana
You might pay more than you expect to lease a car in Louisiana.
The state ranks among the most expensive for car leases.
However, part of the reason is likely that expensive trucks are quite popular in the state.
The F-150 was also the most popular car in Louisiana, per J.D.
Theaverage lease paymentis slightly above $700 in Nevada.
Transportation costs are also higher than the national average.
The average is just under $700.
In fact, according toQuicken Loans, Maryland is among the top 10 most expensive states to live in.
Hawaii
Youre probably expecting to pay a lot for things if you live in Hawaii.
Car leases are no exception.
They are among the most expensive in the country.
More From GOBankingRates
Share This Article:
