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car affordability

07/19/2017 / By Frances Bloomfield

The average American household can’t afford a new car, and some can’t even buy a used one

For many Americans, purchasing a new car isn’t merely a challenge but a near impossibility. So much so that, according to Bankrate.com, median-income households in 24 of the country’s largest metropolitan areas are unable to afford the average price of a new car. This is roughly around $33,000, as per the company’s most recent Car […]

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