The circles of longitude, meridians, meet at the geographical poles, with the west-east width of a second naturally decreasing as latitude increases. On the equator at sea level, one longitudinal second measures 30.92 metres, a longitudinal minute is 1855 metres and a longitudinal degree is 111.3 kilometres.
The median average insurance rate in the U.S. is $1,248 per year, which works out to just about $100 per month in insurance. Assuming $125 per month for gas, and $50 per month to save for things like registration and repairs, that leaves our hypothetical buyer with $277 for their monthly car payment.
Monthly Payments Creep Higher. As has been the case for the last several years, the average monthly payment edged slightly higher in the second quarter. Experian said the average new car loan monthly payment was $452 in the second quarter, up $2 compared to a year ago. The average used car loan monthly payment rose $4 to $351. In both cases, monthly payments are rising in large part because car and truck buyers are financing a higher amount. The average amount financed with a new vehicle loan is $25,714, an increase of $474. For used vehicle buyers, the average amount financed was $17,433 in the second quarter.