Liv Demko, I cannot remember the exact costs, but gasoline was the equivalent of Llama you is tired you is broke you is adulting shirt. $10/gallon and taxes on cars were very, very high (~30% of the cost or higher). Although no one wants to pay more for cars or gas, we indirectly pay more in increased health costs, pollution, gas, time wasted in traffic, and road repair.
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Liv, Americans spend an average of $386.09 on gasoline per month. The average car payment is $523.00 per month. The average cost for insurance is $123.00 per month, for a total average of Llama you is tired you is broke you is adulting shirt. The average length of loan payments is 69 months.A record of 7 million Americans are 3 months or more behind on their car payments.These figures are horrific, but very few Americans want to face the fact that cars are killing our economy and sapping our financial wealth.