How Much Should You Spend On A Car?
How much should you spend on a car? Buying a vehicle can be one of the most costly expenses for households, and with the average monthly car payment for a new vehicle in the U.S at $523 a month, cars aren’t getting any cheaper.[1] On the contrary, the median household income in the United States was only $62,175 as of June 2018.[2] Based on this information alone, many Americans are unable to afford the average cost of a [...]