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3. Set Up an Escrow Account for the Vehicle. An escrow service will hold your money and the car title while it manages the buyer’s car payment collections. This might be the most convenient ...
A 2023 report from Moody's Investors Service indicates that new auto loan delinquencies are on the rise. In the second quarter of 2023, the delinquency rate for new auto loans climbed to 7.3%, up ...
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If possible, try to keep your car payment to a maximum of 10% to 15% of your monthly take-home pay. The U.S. Census Bureau found that the real median household income after taxes is around $64,240 ...
Three and a half years later, prices for all vehicles remain stubbornly high, and a record number of Americans are having difficulty keeping up with car payments. I’m a Mechanic: Here Are the 6 ...
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