Financing a new car is likely a familiar method to you. It's the way a lot of people get a new car. When you finance, you build equity and eventually own the vehicle. Payments are made on a monthly basis and last anywhere from 3 to 6 years. The average monthly cost to finance a vehicle is approximately $479 - $530 a month. Of course, the type of vehicle you choose will make a difference. When you finance a vehicle, even though you are making monthly payments on it, you are considered the owner of it. That means you can drive it as much or as little as you want. You can add aftermarket products to it, and you don't need to worry about it.