DRIVING DEBT: Car Loans Are Out Of Control! Hemmings Hot Rod BBQ podcast

Artwork

Lifestyle Hobbies Auto Vintage Hem Car Hotrod

Indhold leveret af Hemmings. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Hemmings eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Hemmings Hot Rod BBQ Podcast « »
DRIVING DEBT: Car Loans Are Out of Control!

1M ago 28:15

Del

MP3•Episode hjem

Indhold leveret af Hemmings. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Hemmings eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Let's break down some eye-opening figures for 2024. According to Fortune.com, the average price of a new car stands at $47,338.00. Pair that with the average new car payment of $738.00 or the slightly lower average new car lease payment of $606.00, as reported by LendingTree.com. Meanwhile, the average payment on a used vehicle comes in at $538.00.

These numbers hit hard because they underscore the financial strain many Americans face. To afford these payments, you'd ideally be earning around $60,000 annually, which incidentally is just about what the average American makes at $59,384 per year. And remember, that's before factoring in essentials like housing costs, student loans, insurance, utilities, and the ever-present expenses of raising a family.

It's a stark reality: auto loans trail only home mortgages as the largest category of debt in the country. On this episode of the Hemmings Hot Rod Podcast, Mike Musto and Ryan Douthit of Driving Sports TV dissect this phenomenon and try to uncover its roots.

… continue reading

115 episoder

#Lifestyle #Hobbies #Auto #Vintage #Hem #Car #Hotrod

Artwork

DRIVING DEBT: Car Loans Are Out of Control!

Hemmings Hot Rod BBQ Podcast

14 subscribers

published 1M ago

Del

MP3•Episode hjem

Indhold leveret af Hemmings. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Hemmings eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Let's break down some eye-opening figures for 2024. According to Fortune.com, the average price of a new car stands at $47,338.00. Pair that with the average new car payment of $738.00 or the slightly lower average new car lease payment of $606.00, as reported by LendingTree.com. Meanwhile, the average payment on a used vehicle comes in at $538.00.

These numbers hit hard because they underscore the financial strain many Americans face. To afford these payments, you'd ideally be earning around $60,000 annually, which incidentally is just about what the average American makes at $59,384 per year. And remember, that's before factoring in essentials like housing costs, student loans, insurance, utilities, and the ever-present expenses of raising a family.

It's a stark reality: auto loans trail only home mortgages as the largest category of debt in the country. On this episode of the Hemmings Hot Rod Podcast, Mike Musto and Ryan Douthit of Driving Sports TV dissect this phenomenon and try to uncover its roots.

… continue reading

115 episoder

#Lifestyle #Hobbies #Auto #Vintage #Hem #Car #Hotrod

Alle episoder

×

Velkommen til Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

Lyt til 500+ emner