Driving Ourselves Broke Megan Pacheco So we are back at it. In a recent report released by Experian, Americans are back at car dealerships buying new cars again. This time, however, we are willing to pay higher monthly payments on a lower credit score while extending our loans beyond 5 years. That’s plain crazy! Did you know that the average new car payment amount is $452? That’s almost 50% of our monthly mortgage payment (according to LendingTree, the national average mortgage payment is $1,061 on a 30-year mortgage at 4 percent.)
Posted on: Tue, 12 Nov 2013 23:25:29 +0000
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