Household Budgets explode when including a New Car

Household budgets have no room for new car

new cars beyond median income budgetsIf you have spent any time looking for a new car over the last year, you already know there is a big problem trying to include that purchase in your budget. Does not matter whether it is a car, truck, or suv the costs are way above what most budgets can handle. A new study has found that most median-income families can not afford the typical new vehicle. As a matter of fact it found there is only one major US city with median- incomes can afford the new vehicle.

The typical new vehicle is now averaging $30,550, according to TrueCar.com data, and is headed up. To learn the rest of what this article has to say go to the NBC News page listed below.

Read the complete article here:

New cars increasingly out of reach for many Americans

 

 

Topic: Household Budgets explode when including a New Car

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About the Author:

Ken Geers is the Editor-in-Chief of Sporto Motoring Auto News and Reviews. A must have publication for auto enthusiasts. Read his thoughts and the thoughts of others regarding auto related topics in Editorials, Reviews, and Articles.

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