Quote:
Originally Posted by ASAP
Americans are currently overloaded on debt. We are at a record of household and automotive debt... higher than pre recession levels. Just wait...
FWIW, I spend less than 6% of my NET income on my car payment... not sure how many people can say that (even on here)... that's called being responsible. Then again, I put a 50% down payment on my car.
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Did you account for that 50% down payment on your car when you calculated 7% on you car payment? Because you can make your
monthly car payment 0% if you put 100% down.