alt Hacker Newsnit: 45k is the average car loan for a new car, but average for a used car is $25k. Purchasing a car is a necessity but purchasing a new car is a luxury.
nit: 45k is the average car loan for a new car, but average for a used car is $25k. Purchasing a car is a necessity but purchasing a new car is a luxury.
Average monthly payment for both new and used cars is $500-$700