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What percentage of your personal monthly budget gets spent buying a used car? That is, not in servicing loan payments, but actually buying cars. Inflation is
by wbsss4412 5y ago
What percentage of your personal monthly budget gets spent buying a used car?
That is, not in servicing loan payments, but actually buying cars.
Inflation is weighted for this reason.
- symlinkk 5y agoIt’s probably the number 2 most expensive monthly payment the average person has beyond a mortgage. What’s your point?
- wbsss4412 5y ago“Not servicing loan payments, actually buying cars”. The average family isn’t but a whole new (used, but new to them) car every month. The percentage of people actually buying cars right now is a small fraction of the population. For everyone else, the price they bought their car was set when they bought it, and inflation has no affect on their loan payments.