This story originally appeared on Experian and was produced and distributed in partnership with Stacker Studio.
The most popular cars people are financing in every state
Last year, Americans in almost every state took out loans to purchase SUVs and trucks more than any other type of vehicle, further confirming their desire for greater comfort and prominence on the road.
This is according to Experian, which analyzed its auto financing data for January through September 2022 to find the five most popular cars people financed in each state. States are listed in alphabetical order and vehicles are listed in descending order of popularity.
Consumers have options when buying a vehicle, but there are several reasons a consumer may choose to finance their vehicle with a loan. Rarely do consumers have enough cash on hand to purchase a vehicle outright—the average cost of a new vehicle in fall 2022 was more than $48,000, according to Kelley Blue Book. In today's high interest rate environment, financing a vehicle can add considerable cost to the overall payment of a vehicle, but it can also offer affordable monthly car payments that work for a consumer's immediate budget and needs.
Among new vehicles purchased in 2022, 4 in 5 were bought with financing in place, according to Experian. SUVs and wagons made up the largest proportion of vehicles financed in the U.S. at 60% of all financing. SUVs and pickups also grew as a proportion of all vehicles financed in 2022 compared with the year before.
The Toyota RAV4 appeared in more states' top five than any other vehicle. The sought-after compact SUV first became available in North America in 1995, and has topped the list of bestselling SUVs several times since.
The Japanese automaker's continued dominance in the U.S. car market is apparent, according to Experian auto loan data from 2022. Toyota was the most popular car brand to appear among states' top-financed list. Toyota represents nearly 20% of the cars appearing on this list, and at least one Toyota model made the top five in all but five states. Consumer Reports rates Toyota as "superb" in overall reliability.
Alabama
- Toyota Camry
- Ford F-150
- Toyota RAV4
- Toyota Highlander
- Toyota Tacoma
Alaska
- GMC Sierra 1500
- Toyota RAV4
- Toyota Tacoma
- Ford F-150
- Subaru Outback
Arizona
- Toyota Tacoma
- Toyota RAV4
- Toyota Camry
- Ford F-150
- GMC Sierra 1500
Arkansas
- Ford F-150
- Toyota RAV4
- GMC Sierra 1500
- Toyota Camry
- GMC Sierra 1500 Limited
California
- Tesla Model Y
- Tesla Model 3
- Toyota RAV4
- Toyota Camry
- Toyota Corolla
Colorado
- Toyota RAV4
- Subaru Crosstrek
- Ford F-150
- Toyota Tacoma
- Toyota 4Runner
Connecticut
- Toyota RAV4
- Subaru Crosstrek
- Honda CR-V
- Subaru Forester
- Jeep Wrangler Unlimited
Delaware
- Honda CR-V
- Toyota RAV4
- Ford F-150
- Jeep Wrangler Unlimited
- GMC Sierra 1500
Washington DC
- Toyota RAV4
- Tesla Model Y
- Honda CR-V
- Tesla Model 3
- Subaru Crosstrek
Florida
- Toyota Corolla
- Toyota RAV4
- Toyota Camry
- Ford F-150
- Toyota Tacoma
Georgia
- Toyota RAV4
- Toyota Camry
- Ford F-150
- Toyota Corolla
- GMC Sierra 1500
Hawaii
- Toyota Tacoma
- Toyota 4Runner
- Toyota RAV4
- Toyota Corolla
- Nissan Frontier
Idaho
- Ford F-150
- Toyota RAV4
- Subaru Outback
- Toyota Tacoma
- Toyota Highlander
Illinois
- Honda CR-V
- Toyota RAV4
- Chevrolet Equinox
- Ford F-150
- Hyundai Tucson
Indiana
- Chevrolet Equinox
- Honda CR-V
- Ford F-150
- Toyota RAV4
- Jeep Wrangler Unlimited
Iowa
- Ford F-150
- Chevrolet Equinox
- Chevrolet Silverado 2500HD
- Chevrolet Silverado 1500 Limited
- GMC Sierra 1500
Kansas
- Ford F-150
- Toyota RAV4
- Honda CR-V
- GMC Sierra 1500
- Chevrolet Silverado 1500 Limited
Kentucky
- Toyota RAV4
- Ford F-150
- Toyota Highlander
- GMC Sierra 1500
- Honda CR-V
Louisiana
- Ford F-150
- GMC Sierra 1500
- Toyota Camry
- Chevrolet Silverado 1500 Limited
- Toyota RAV4
Maine
- Toyota RAV4
- Ford F-150
- Subaru Crosstrek
- Toyota Tacoma
- Subaru Forester
Maryland
- Toyota RAV4
- Honda CR-V
- Toyota Camry
- Toyota Highlander
- Toyota Corolla
Massachusetts
- Toyota RAV4
- Honda CR-V
- Toyota Highlander
- Subaru Crosstrek
- Jeep Wrangler Unlimited
Michigan
- Chevrolet Equinox
- Ford F-150
- Chevrolet Blazer
- Ford Escape
- Ford Explorer
Minnesota
- Ford F-150
- Toyota RAV4
- GMC Sierra 1500
- Honda CR-V
- Mazda CX-5
Mississippi
- Toyota Camry
- Ford F-150
- Nissan Altima
- Toyota RAV4
- Toyota Highlander
Missouri
- Ford F-150
- Toyota RAV4
- GMC Sierra 1500
- Chevrolet Equinox
- Honda CR-V
Montana
- Ford F-150
- GMC Sierra 1500
- Ford F-350 Super Duty
- Toyota RAV4
- GMC Sierra 2500
Nebraska
- Ford F-150
- GMC Sierra 1500
- Chevrolet Silverado 2500HD
- Chevrolet Silverado 1500 Limited
- Chevrolet Equinox
Nevada
- Toyota RAV4
- Tesla Model Y
- Tesla Model 3
- GMC Sierra 1500
- Toyota Tacoma
New Hampshire
- Toyota RAV4
- Toyota Tacoma
- Subaru Crosstrek
- Honda CR-V
- Ford F-150
New Jersey
- Honda CR-V
- Toyota RAV4
- Mazda CX-5
- Tesla Model Y
- Toyota Highlander
New Mexico
- Ford F-150
- Toyota RAV4
- Toyota Tacoma
- GMC Sierra 1500
- Chevrolet Silverado 1500 Limited
New York
- Honda CR-V
- Toyota RAV4
- Chevrolet Equinox
- Mazda CX-5
- Toyota Highlander
North Carolina
- Toyota RAV4
- Toyota Camry
- Ford F-150
- Honda CR-V
- Toyota Corolla
North Dakota
- Ford F-150
- GMC Sierra 1500
- Chevrolet Silverado 1500 Limited
- Chevrolet Silverado 1500
- Chevrolet Silverado 2500HD
Ohio
- Honda CR-V
- Chevrolet Equinox
- GMC Sierra 1500
- Ford F-150
- Toyota RAV4
Oklahoma
- Ford F-150
- GMC Sierra 1500
- Chevrolet Silverado 1500 Limited
- Toyota RAV4
- Ford Explorer
Oregon
- Toyota RAV4
- Toyota Tacoma
- Toyota Highlander
- Subaru Crosstrek
- Subaru Outback
Pennsylvania
- Toyota RAV4
- Honda CR-V
- Subaru Crosstrek
- Ford F-150
- GMC Sierra 1500
Rhode Island
- Toyota RAV4
- Toyota Highlander
- Toyota Tacoma
- Toyota Camry
- Toyota Corolla
South Carolina
- Toyota RAV4
- Ford F-150
- Toyota Tacoma
- Toyota Camry
- GMC Sierra 1500
South Dakota
- Ford F-150
- GMC Sierra 1500
- Chevrolet Silverado 1500 Limited
- Ford Explorer
- Chevrolet Silverado 1500
Tennessee
- Ford F-150
- Toyota RAV4
- Nissan Rogue
- Toyota Highlander
- Honda CR-V
Texas
- Ford F-150
- GMC Sierra 1500
- Toyota RAV4
- Chevrolet Silverado 1500 Limited
- Toyota Camry
Utah
- Ford F-150
- Toyota RAV4
- Toyota Tacoma
- Subaru Outback
- Tesla Model Y
Vermont
- Toyota RAV4
- Toyota Tacoma
- Subaru Crosstrek
- Ford F-150
- GMC Sierra 1500
Virginia
- Toyota RAV4
- Honda CR-V
- Toyota Tacoma
- Toyota Highlander
- Ford F-150
Washington
- Toyota RAV4
- Honda CR-V
- Tesla Model Y
- Toyota Tacoma
- Subaru Crosstrek
West Virginia
- Ford F-150
- Toyota RAV4
- Toyota Tacoma
- Chevrolet Silverado 1500 Limited
- Toyota Highlander
Wisconsin
- Ford F-150
- Chevrolet Equinox
- Toyota RAV4
- Honda CR-V
- GMC Sierra 1500
Wyoming
- Ford F-150
- GMC Sierra 2500
- Toyota RAV4
- GMC Sierra 1500
- GMC Sierra 3500
