When deciding how much your car payment should be, many factors, like your income and other expenses, come into play. While you want a safe and reliable ride, you don’t want to overextend yourself and ...

Car payments can eat up a huge chunk of your monthly budget. According to Experian’s State of the Automotive Market report in late 2024, the average new car payment has ballooned to $737. Read Next: 4 ...

SHORT ANSWER: When you’re ready to purchase your next car, calculate 10% to 15% of your take-home pay to find the payment amount you can afford. Purchasing a new vehicle is exciting. You’ll be ...

The average American spends $725 on their monthly payment for a new vehicle, according to Experian’s data from earlier this year. This is a $75 monthly increase from the previous year. While used ...

In 2024, buying a car can be an especially daunting task. Between high interest rates and a long-term shortage of new cars due to supply chain issues, the pool of vehicles customers can choose from is ...

Driving a beat-up used car wasn't always a choice, but it became my preference. During lean financial times in my life, avoiding a monthly car payment was key. That meant driving a paid-off SUV all ...