Most Americans Spend too Much Each Month on Their Car Payments, Do You?

Most Americans Spend too Much Each Month on Their Car Payments, Do You?

by Lori Atwood | Sep 25, 2013 | Financial Fitness, Personal Negotiation

A typical American puts 11% down on a car, spends 11% of their PRE-Tax monthly income on a car payment according to Edmunds.com , pays  4.13% interest rate on a car loan and has an average loan duration of 62 months (as of 2011) But those averages are not necessarily...
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