3 ms·
Pst, they can only afford it because of the 60 month loan, where you pay an astronomical amount in interest on top of the sticker price. So no, they cannot. "M
by andrewmcwatters 3y ago
Pst, they can only afford it because of the 60 month loan, where you pay an astronomical amount in interest on top of the sticker price.
So no, they cannot. "Most" Americans are paying for a car based on what monthly payment they can afford, and never thinking about how much they actually owe.
- latency-guy2 3y agoAstronomical in the APR sense would be roughly +20%-40% over the lifetime of the loan in this scenario, meaning $36k - $42k. Over 5 years. So yes. Most Americans can afford this. Easily.