What would you like to do?
Average American car payment?
I don't think there is a such a thing as an average mortgage payment on any given dollar amount. The principal and interest payment depends on several factors besides the loan… amount, primarily the interest rate and loan term(length of the loan). To keep it simple, a 130,000 mortgage at 4.5% for 30 years would be $658.69 for your principal and interest payment. If you could afford to do a 15 year loan, at the same interest rate, the monthly payment would be $994.49 and you would save nearly $60,000 in interest. If you change the interest rate, the payment could change significantly also.
According to Dave Ramsey at daveramsey.com, Recent statistics show that one-third of car buyers sign up for a six-year loan at an average interest rate of 9.6%. Among these …buyers, the average price of the car is just over $26,000. This means that one-third of the cars you see on the road are dragging a $475 payment behind them.
if you want to get out of the car and the payments, you can sell the car privatly, ask for a good price on the vehicle so you can have some extra money to payoff the principal… balance owed on your car loan, if you have one. then once the vehicle sells, take the money to the loan company pay the principal balance, then take the rest as pocket money, or if your not comfortable with doing this you can hire a finanial advisor to asist you, their always looking to help people save money.
the average mortgage payment is around $1400.00 a month. believe it or not when i bought my house in 1972 my mortgage was $143.75 a month
the avarege American leese so his car is by him 4 3 years if the car is bought then it is 5.
Answer The exact figure is a decimal. Between two and three cars is the American average.
Depends on the price of the car: If the average price of a car was $20k the payment will be around $350.
A "balloon payment" is a final, usually quite large, payment on a loan. Essentially what you're doing in such a loan is taking a (slightly) smaller monthly payment in exchange… for having to come up with a large lump sum of cash at the end. Generally speaking these aren't such a good idea for a typical borrower. The question to ask is "If I don't have the balloon payment sitting in my account right now, what reason do I have to think I will have it when it comes due?" If you can think of a very good reason (such as "By the time the balloon payment comes due my house will have sold/my bonds will have matured/I can use the money from my Certificates of Deposit without the Substantial Penalty for Early Withdrawal") then maybe the balloon payment loan does make sense. Otherwise you're probably better off avoiding them.
In Car Buying
It depends on several things such as: purchase price, length ofloan and interest rate. A new car will have a bigger sticker pricebut a better rate and longer term loan.
In Car Selling
the average car payment is about 200$ which this stayment is not made based on the car types.
In Car Selling
6 only if you afford it now. The older generations will buy more cars than the younger generations because they have more spending cash than the new generation.