Advertiser Disclosure
Research

The Most Popular Cars People Are Financing in Every State

Dom DiFurio
By

Quick Answer

Experian analyzed its auto loan data for the first three quarters of 2022 to identify the most popular cars being financed in your state. Toyota held high ranks in nearly every state on this list, with the Toyota RAV4 being the model with the best representation.

A lady, facing away from the camera, sitting on a boat floating in clear blue water surrounded by 5 other boats and the mountain

Last year, Americans in almost every state took out loans to purchase SUVs and trucks more than any other type of vehicle, according to Experian data. Experian 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

  1. Toyota Camry
  2. Ford F-150
  3. Toyota RAV4
  4. Toyota Highlander
  5. Toyota Tacoma

Alaska

  1. GMC Sierra 1500
  2. Toyota RAV4
  3. Toyota Tacoma
  4. Ford F-150
  5. Subaru Outback

Arizona

  1. Toyota Tacoma
  2. Toyota RAV4
  3. Toyota Camry
  4. Ford F-150
  5. GMC Sierra 1500

Arkansas

  1. Ford F-150
  2. Toyota RAV4
  3. GMC Sierra 1500
  4. Toyota Camry
  5. GMC Sierra 1500 Limited

California

  1. Tesla Model Y
  2. Tesla Model 3
  3. Toyota RAV4
  4. Toyota Camry
  5. Toyota Corolla

Colorado

  1. Toyota RAV4
  2. Subaru Crosstrek
  3. Ford F-150
  4. Toyota Tacoma
  5. Toyota 4Runner

Connecticut

  1. Toyota RAV4
  2. Subaru Crosstrek
  3. Honda CR-V
  4. Subaru Forester
  5. Jeep Wrangler Unlimited

Delaware

  1. Honda CR-V
  2. Toyota RAV4
  3. Ford F-150
  4. Jeep Wrangler Unlimited
  5. GMC Sierra 1500

Washington DC

  1. Toyota RAV4
  2. Tesla Model Y
  3. Honda CR-V
  4. Tesla Model 3
  5. Subaru Crosstrek

Florida

  1. Toyota Corolla
  2. Toyota RAV4
  3. Toyota Camry
  4. Ford F-150
  5. Toyota Tacoma

Georgia

  1. Toyota RAV4
  2. Toyota Camry
  3. Ford F-150
  4. Toyota Corolla
  5. GMC Sierra 1500

Hawaii

  1. Toyota Tacoma
  2. Toyota 4Runner
  3. Toyota RAV4
  4. Toyota Corolla
  5. Nissan Frontier

Idaho

  1. Ford F-150
  2. Toyota RAV4
  3. Subaru Outback
  4. Toyota Tacoma
  5. Toyota Highlander

Illinois

  1. Honda CR-V
  2. Toyota RAV4
  3. Chevrolet Equinox
  4. Ford F-150
  5. Hyundai Tucson

Indiana

  1. Chevrolet Equinox
  2. Honda CR-V
  3. Ford F-150
  4. Toyota RAV4
  5. Jeep Wrangler Unlimited

Iowa

  1. Ford F-150
  2. Chevrolet Equinox
  3. Chevrolet Silverado 2500HD
  4. Chevrolet Silverado 1500 Limited
  5. GMC Sierra 1500

Kansas

  1. Ford F-150
  2. Toyota RAV4
  3. Honda CR-V
  4. GMC Sierra 1500
  5. Chevrolet Silverado 1500 Limited

Kentucky

  1. Toyota RAV4
  2. Ford F-150
  3. Toyota Highlander
  4. GMC Sierra 1500
  5. Honda CR-V

Louisiana

  1. Ford F-150
  2. GMC Sierra 1500
  3. Toyota Camry
  4. Chevrolet Silverado 1500 Limited
  5. Toyota RAV4

Maine

  1. Toyota RAV4
  2. Ford F-150
  3. Subaru Crosstrek
  4. Toyota Tacoma
  5. Subaru Forester

Maryland

  1. Toyota RAV4
  2. Honda CR-V
  3. Toyota Camry
  4. Toyota Highlander
  5. Toyota Corolla

Massachusetts

  1. Toyota RAV4
  2. Honda CR-V
  3. Toyota Highlander
  4. Subaru Crosstrek
  5. Jeep Wrangler Unlimited

Michigan

  1. Chevrolet Equinox
  2. Ford F-150
  3. Chevrolet Blazer
  4. Ford Escape
  5. Ford Explorer

Minnesota

  1. Ford F-150
  2. Toyota RAV4
  3. GMC Sierra 1500
  4. Honda CR-V
  5. Mazda CX-5

Mississippi

  1. Toyota Camry
  2. Ford F-150
  3. Nissan Altima
  4. Toyota RAV4
  5. Toyota Highlander

Missouri

  1. Ford F-150
  2. Toyota RAV4
  3. GMC Sierra 1500
  4. Chevrolet Equinox
  5. Honda CR-V

Montana

  1. Ford F-150
  2. GMC Sierra 1500
  3. Ford F-350 Super Duty
  4. Toyota RAV4
  5. GMC Sierra 2500

Nebraska

  1. Ford F-150
  2. GMC Sierra 1500
  3. Chevrolet Silverado 2500HD
  4. Chevrolet Silverado 1500 Limited
  5. Chevrolet Equinox

Nevada

  1. Toyota RAV4
  2. Tesla Model Y
  3. Tesla Model 3
  4. GMC Sierra 1500
  5. Toyota Tacoma

New Hampshire

  1. Toyota RAV4
  2. Toyota Tacoma
  3. Subaru Crosstrek
  4. Honda CR-V
  5. Ford F-150

New Jersey

  1. Honda CR-V
  2. Toyota RAV4
  3. Mazda CX-5
  4. Tesla Model Y
  5. Toyota Highlander

New Mexico

  1. Ford F-150
  2. Toyota RAV4
  3. Toyota Tacoma
  4. GMC Sierra 1500
  5. Chevrolet Silverado 1500 Limited

New York

  1. Honda CR-V
  2. Toyota RAV4
  3. Chevrolet Equinox
  4. Mazda CX-5
  5. Toyota Highlander

North Carolina

  1. Toyota RAV4
  2. Toyota Camry
  3. Ford F-150
  4. Honda CR-V
  5. Toyota Corolla

North Dakota

  1. Ford F-150
  2. GMC Sierra 1500
  3. Chevrolet Silverado 1500 Limited
  4. Chevrolet Silverado 1500
  5. Chevrolet Silverado 2500HD

Ohio

  1. Honda CR-V
  2. Chevrolet Equinox
  3. GMC Sierra 1500
  4. Ford F-150
  5. Toyota RAV4

Oklahoma

  1. Ford F-150
  2. GMC Sierra 1500
  3. Chevrolet Silverado 1500 Limited
  4. Toyota RAV4
  5. Ford Explorer

Oregon

  1. Toyota RAV4
  2. Toyota Tacoma
  3. Toyota Highlander
  4. Subaru Crosstrek
  5. Subaru Outback

Pennsylvania

  1. Toyota RAV4
  2. Honda CR-V
  3. Subaru Crosstrek
  4. Ford F-150
  5. GMC Sierra 1500

Rhode Island

  1. Toyota RAV4
  2. Toyota Highlander
  3. Toyota Tacoma
  4. Toyota Camry
  5. Toyota Corolla

South Carolina

  1. Toyota RAV4
  2. Ford F-150
  3. Toyota Tacoma
  4. Toyota Camry
  5. GMC Sierra 1500

South Dakota

  1. Ford F-150
  2. GMC Sierra 1500
  3. Chevrolet Silverado 1500 Limited
  4. Ford Explorer
  5. Chevrolet Silverado 1500

Tennessee

  1. Ford F-150
  2. Toyota RAV4
  3. Nissan Rogue
  4. Toyota Highlander
  5. Honda CR-V

Texas

  1. Ford F-150
  2. GMC Sierra 1500
  3. Toyota RAV4
  4. Chevrolet Silverado 1500 Limited
  5. Toyota Camry

Utah

  1. Ford F-150
  2. Toyota RAV4
  3. Toyota Tacoma
  4. Subaru Outback
  5. Tesla Model Y

Vermont

  1. Toyota RAV4
  2. Toyota Tacoma
  3. Subaru Crosstrek
  4. Ford F-150
  5. GMC Sierra 1500

Virginia

  1. Toyota RAV4
  2. Honda CR-V
  3. Toyota Tacoma
  4. Toyota Highlander
  5. Ford F-150

Washington

  1. Toyota RAV4
  2. Honda CR-V
  3. Tesla Model Y
  4. Toyota Tacoma
  5. Subaru Crosstrek

West Virginia

  1. Ford F-150
  2. Toyota RAV4
  3. Toyota Tacoma
  4. Chevrolet Silverado 1500 Limited
  5. Toyota Highlander

Wisconsin

  1. Ford F-150
  2. Chevrolet Equinox
  3. Toyota RAV4
  4. Honda CR-V
  5. GMC Sierra 1500

Wyoming

  1. Ford F-150
  2. GMC Sierra 2500
  3. Toyota RAV4
  4. GMC Sierra 1500
  5. GMC Sierra 3500

The Bottom Line

In order to qualify for an auto loan, lenders will check your credit to make sure you meet their requirements. The higher your score, the more likely you are to qualify for a loan with good terms, including a low interest rate.

You can check your credit report and score for free through Experian before you apply for an auto loan. It's typically wise to check your credit a few months before you plan to shop for a car so you'll have some time to work on your credit if needed.

Methodology: The analysis results provided are based on an Experian-created statistically relevant aggregate sampling of our consumer credit database that may include use of the FICO® Score 8 version. Different sampling parameters may generate different findings compared with other similar analysis. Analyzed credit data did not contain personal identification information. Metro areas group counties and cities into specific geographic areas for population censuses and compilations of related statistical data.

FICO® is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.

Resources
Latest Research
Latest Reviews