so around 35% of households have a car loan and they each owe on average $ 36,3 157 and when you look at monthly payments the average for a new car is $738 the average for a used car is $532 a new car y'all I mean almost $750 like that's a lot of money and when you're living paycheck to paycheck that will change your life that changes your budget if you have an extra $750.
