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  2. How Much Should My Car Payment Be? - AOL

    www.aol.com/much-car-payment-145003598.html

    A person making $75,000 in gross income per year could potentially afford a $500 monthly car payment with a $6,000 down payment. ... credit score include making on-time payments to all of your ...

  3. Ready for a New Car? Here's How Much Money Good Credit Can ...

    www.aol.com/ready-car-heres-much-money-100018006...

    Over the course of a 60-month loan, the person with good credit will pay around $5,600 in total interest, while the person with poor credit will fork over a whopping $17,300 in interest fees. That ...

  4. How Much Should Your Car Down Payment Be? - AOL

    www.aol.com/much-car-down-payment-200800414.html

    A down payment of 20% on a new car or 10% on a used car is usually sufficient, though your credit score can affect this. The size of your down payment largely depends on the value of the vehicle ...

  5. 7 Things You Must Do When Your Car Payment Exceeds $535 ... - AOL

    www.aol.com/7-things-must-car-payment-190046893.html

    If possible, try to keep your car payment to a maximum of 10% to 15% of your monthly take-home pay. The U.S. Census Bureau found that the real median household income after taxes is around $64,240 ...

  6. Can’t Afford Your Car Payment Anymore? 9 Things You ... - AOL

    www.aol.com/t-afford-car-payment-anymore...

    A 2023 report from Moody's Investors Service indicates that new auto loan delinquencies are on the rise. In the second quarter of 2023, the delinquency rate for new auto loans climbed to 7.3%, up ...

  7. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    Over 85% of new cars and half of used cars are financed (as opposed to being paid for in a lump sum with cash). There are two primary methods of borrowing money to buy a car: direct and indirect. A direct loan is one that the borrower arranges with a lender directly. Indirect financing is arranged by the car dealership where the car is purchased.