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A person making $75,000 in gross income per year could potentially afford a $500 monthly car payment with a $6,000 down payment. That still leaves around $125 per month in their budget to cover ...
If You Can’t Pay for Repairs Getting and maintaining a car is expensive and puts a strain on many Americans’ wallets. According to AAA, the average yearly cost to own and operate a new vehicle ...
According to automotive information guide Edmunds, a record number of people are paying in excess of $1,000 per month for their auto loan payments. The percentage of auto buyers whose payment rose ...
For example, the study authors pointed out that if you have a car loan balance of $35,000 with more than three years left of a monthly payment of $1,008 at an APR of 11%, you can significantly ...
If your monthly car payment seems overwhelming, higher interest rates and vehicle prices may have contributed to your financial strain. Edmunds reported record-high payments in the last quarter of ...
Careful, purposeful financial planning is a must for any middle-class family, especially for one looking to add a new car payment to their monthly expenses. “It is no secret that when a middle ...
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