Wondering how you can afford it?
Well, they don't wonder in Washington, D.C.
The typical new vehicle is now more expensive than
ever, averaging $30,500 in 2012, according to TrueCar.com data, and
heading up again as makers curb the incentives that helped make their
products more affordable during the recession when they were desperate
for sales.
According to the 2013 Car Affordability Study by
Interest.com, only in Washington could the typical household swing the
payments, the median income there running $86,680 a year.
You might have noticed that the price of nice used cars is also pretty high. The reason? See above.
Also see "Cash for Clunkers."
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1 comment:
The typical new vehicle is now more expensive than ever
Zounds!
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