What is a good car payment that the average person can afford?
What can I expect for an average monthly car payment? I need to buy a car and am just now going over my financing options. I have a decent job making about $3k per month and decent credit so I’m not worried about qualifying for a car loan but I am worried the payments will be too high.
Answer provided by
- your interest rate
- what you buy
- how much cash you pay for a down payment