The Average Car Payment Is as Much as a Mortgage—How to Afford Your Next Vehicle

The Average Car Payment Is as Much as a Mortgage—How to Afford Your Next Vehicle
Vehicles are displayed for sale at an AutoNation car dealership in Valencia, Calif., on April 21, 2022. Mario Tama/Getty Images
Tribune News Service
Updated:
By Evan Moore From Charlotteobserver.com

Most Americans depend on cars to get around, but recent data shows purchasing a new vehicle may now be out of reach for average earners.