Americans Are Buying More Car Than They Can Afford

Today at 07:31 AM

Buying a new car is fun, but having to make that monthly payment is another story. There aren't many people who simply walk in and pay cash for their cars, whether it's a Kicks or a Cayenne, so buying one means figuring out how much of a payment fits into your monthly budget. Even a carefully managed budget with a modest car payment doesn't guarantee that it won't at some point become a burden, which is exactly what's happening to a record number of Americans.