Comment on Even households earning $150,000 a year are struggling with credit card and car payments

• return2ozma@lemmy.world ⁨4⁩ ⁨days⁩ ago

  The average monthly car payment is $745 for new cars and $521 for used.

  www.nerdwallet.com/…/average-monthly-car-payment

  source

  • BombOmOm@lemmy.world ⁨4⁩ ⁨days⁩ ago

    Correct, and half of people pay below the average. You do not need to pay $700/mo for a car, many are available for much, much cheaper. If your finances can only swing a $400/mo, buy a $400/mo or a $300/mo car.

    source

    • Nomecks@lemmy.ca ⁨4⁩ ⁨days⁩ ago

      But I need a 3500 series truck in case I go camping or I have to move a mattress!

      source
  • NewNewAugustEast@lemmy.zip ⁨3⁩ ⁨days⁩ ago

    Maybe, but the average car payment for people who don’t take out loans to buy cars is… Zero.

    source

    • return2ozma@lemmy.world ⁨3⁩ ⁨days⁩ ago

      42% of Americans cannot afford a $400 emergency.

      source

      • NewNewAugustEast@lemmy.zip ⁨3⁩ ⁨days⁩ ago

        I am not sure what that has to do with what I said.

        source
  • ProdigalFrog@slrpnk.net ⁨3⁩ ⁨days⁩ ago

    Used Buicks from the 2000’s can be had for around 3 grand and are very reliable if they have the 3.8l engine. Insurance is often less then 400 a year.

    source