Maybe, but the average car payment for people who don’t take out loans to buy cars is… Zero.
Comment on Even households earning $150,000 a year are struggling with credit card and car payments
return2ozma@lemmy.world 3 weeks agoThe average monthly car payment is $745 for new cars and $521 for used.
NewNewAugustEast@lemmy.zip 3 weeks ago
return2ozma@lemmy.world 3 weeks ago
42% of Americans cannot afford a $400 emergency.
NewNewAugustEast@lemmy.zip 3 weeks ago
I am not sure what that has to do with what I said.
ProdigalFrog@slrpnk.net 3 weeks 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.
BombOmOm@lemmy.world 3 weeks 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.
Nomecks@lemmy.ca 3 weeks ago
But I need a 3500 series truck in case I go camping or I have to move a mattress!