How Much Is The Average Car Payment Reddit I saw an article that the average car payment is around 500 With a 2 car household that would be 1k a month not including insurance registration gas or maintenance I have a coworker
That puts average monthly car payments at 716 526 and 578 respectively Increases in new vehicle prices aren t as severe New vehicle prices are up 6 1 year over year according to the March 2023 U S Bureau of Labor Statistics After finding new employment last year I finally have been able to save money I now about 7 1k in my savings I owe 5 3k on the car My
How Much Is The Average Car Payment Reddit
How Much Is The Average Car Payment Reddit
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Average Car Price Is At An All time High Of 47 000 Going Into 2022
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In this article we ll delve into the world of car payments exploring the factors that influence the size of your monthly payment and providing some insights into what others are You needed the car you got the car now you have to pay for it A couple options I can think of is either to refinance or to take out a loan to pay off the car I still owe 26 000 on the car so I
What s the interest rate on the car How much do you owe How much are you earning each month How much money are you getting that you for whatever reason have to use Find out the average monthly car payment amount learn what factors affect this number and decide what monthly auto payments you can afford to make
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The average monthly car payment is 742 for new cars and 525 for used Several factors determine your payment Financial experts recommend spending no more than 10 of your monthly take home pay on your car payment and no more than 15 to 20 on total car costs such as gas insurance and maintenance as
The average income in the US isn t even 60k Almost everybody has a car payment because cars are becoming too expensive to buy outright 330 isn t even that high and you ll build your Though the current average monthly payment for a new and used car is 737 and 520 respectively car payments are based on more than just the cost of the vehicle You can
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I saw an article that the average car payment is around 500 With a 2 car household that would be 1k a month not including insurance registration gas or maintenance I have a coworker
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That puts average monthly car payments at 716 526 and 578 respectively Increases in new vehicle prices aren t as severe New vehicle prices are up 6 1 year over year according to the March 2023 U S Bureau of Labor Statistics
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How Much Is The Average Car Payment Reddit - Reddit Read More 2 of 8 New vehicles are seen at an auto processing facility at the Atlantic Terminal of the Port of Baltimore Thursday March 27 2025 in Baltimore
