Getting a deal on a new or used car doesn't save you money if it winds up in the shop more than it should for expensive repairs. The good news is that some of the most budget-friendly cars have.
A family's primary vehicle is usually a commuter car that's meant to go from Point A to Point B and then back again with as little money spent on gas and repairs as possible. But that same family.
Standard personal finance advice says to spend no more than 10% of your monthly income on a car payment and less than 20% on combined auto expenses, including gas, insurance and maintenance. Also: 7.
In 2023, an S&P Global Mobility analysis found that the average age of America's 284 million vehicles in operation was a record 12.5 years old up by more than three months over 2022..
Buying a new car can be exciting. From the model, make, and smell-there is nothing that quite compares to the purchase of an automobile that you can call your own. See: 9 Best Hybrid Cars Under $30K.