How Much Car Can I Afford?: Don't Let the Cost of Owning One Drive You

by Gregory Karp

Overview

This Element is an excerpt from Living Rich by Spending Smart: How to Get More of What You Really Want (ISBN: 9780132350099) by Gregory Karp. Available in print and digital formats.

 

Think smart, think “transportation”: escape the car payment debt trap!

 

Consumers figure, “I’ll always have a car payment. Everybody has one.” They don’t care what the car costs or how many years they’ll be paying it off. It’s the car payment debt trap: the never-ending cycle of financing automobiles. It robs many Americans of their wealth: They’re constantly funneling huge payments into assets that are plummeting in value.

Product Details

ISBN-13:	9780131378193
Publisher:	Pearson Education
Publication date:	01/12/2010
Series:	FT Press Delivers Elements
Sold by:	Barnes & Noble
Format:	eBook
Pages:	9
File size:	485 KB
Age Range:	18 Years

About the Author

Gregory Karp's "Spending Smart" newspaper column reaches more than 6,000,000 readers of Tribune Co. newspapers, including The Chicago Tribune, Baltimore Sun, and Hartford Courant. It also runs on the Web sites of additional media outlets ranging from The Los Angeles Times and Newsday to Superstation WGN in Chicago. Karp won the first-ever best-column award in 2006 from the Society of Business Editors and Writers. A staff member at The Morning Call in Allentown, Pa., Karp is an award-winning writer with 17+ years of professional journalism experience as both a writer and editor. He also writes about family finances for Better Homes and Gardens (circulation 7.6 million).