10 Tips for Buying New or Used Cars The average car payment in the U.S. is about $400 per month, and the average interest rate paid when financing the loan is about 10%. Based on a $30,000 car purchase, financed at 10%, the total cost will be about $38,200, if using a 5 year loan. Ouch! But that is not the end of the story. You […]
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Bank Scam #9: Zero Percent Auto Loans
Bank Scam #9: Zero Percent Auto Loans Is a zero percent auto loan a good idea? Lets look at the numbers to find out. The average car payment in America is just under $400 a month. If a household has 2 car payments, that is $800 a month invested into rapidly depreciating assets. If that same household spends another $200 a month on random stuff at […]
Mark Quann is an entrepreneur with a belief in the liberating power of financial education and a campaign to slash the toxic influence of big banks and credit companies. 
