/biz/ - Business & Finance

>>56943185
yes, it's generally a lot, people making 40k a year finance cars that cost about that amount because ((debt trickery)) makes them do really retarded things. they just see the payment and think, well, i can afford that.
the median american employed full-time makes around 50k (this is not median salary - some people don't work full time) so $25/hr. car payments are typically closer to $500-700 a month as well.
that leaves someone working 5ish days per month for their car and its associated expenses if it's financed. sounds about right.
my commuter car is worth less than i get in 1 paycheck, for what it's worth.