return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 11 days agoEven households earning $150,000 a year are struggling with credit card and car paymentswww.cbsnews.comexternal-linkmessage-square25linkfedilinkarrow-up146cross-posted to: fuckcars@lemmy.worldnews@lemmy.world
arrow-up146external-linkEven households earning $150,000 a year are struggling with credit card and car paymentswww.cbsnews.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 11 days agomessage-square25linkfedilinkcross-posted to: fuckcars@lemmy.worldnews@lemmy.world
minus-squarereturn2ozma@lemmy.worldOPlinkfedilinkarrow-up4·10 days ago The average monthly car payment is $745 for new cars and $521 for used. https://www.nerdwallet.com/article/loans/auto-loans/average-monthly-car-payment
minus-squareBombOmOm@lemmy.worldlinkfedilinkEnglisharrow-up3·edit-210 days agoCorrect, 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 $400/mo, buy a $400/mo or a $300/mo car.
minus-squareProdigalFrog@slrpnk.netlinkfedilinkEnglisharrow-up2·10 days agoUsed 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.
https://www.nerdwallet.com/article/loans/auto-loans/average-monthly-car-payment
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 $400/mo, buy a $400/mo or a $300/mo car.
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.