$3,200/MO CAR PAYMENT???
4 Apr 2023 · 0 min
0:08
Short YouTube transcript (conversation) in which Speaker A reacts to a reported $3,200 monthly car payment and Mike Andes explains that expensive is relative: the payment represents 1% of that individual’s monthly income. Mike gives an equivalence example: 1% would correspond to someone earning $48,000/year paying about $40/month for a car (same ratio).
Questions this video answers
1% of monthly income.
Approximately $40 per month.
