It’s always fun to drive a new car off the lot.
It’s not always fun to pay for it.
In fact, paying for a car is unfortunately getting less enjoyable, for a variety of reasons. Cars are getting more expensive. According to the Kelley Blue Book, the average price of a new passenger vehicle jumped 3 percent in the last year, to $33,845. And, again, that’s just the average. Many people spend far more on a new car. It’s taking us longer to pay off our cars. Last year, an analysis from Edmunds.com revealed that drivers are now spending more than ever in history to pay off their loans. The average length of time to pay off a car ... read more