CarCast is twice weekly automotive podcast hosted by Matt “The Motorator” D’Andria, former NFL and WWE superstar, Bill Goldberg, and Vice President Editorial & Editor-in-Chief at Edmunds.com, Alistair Weaver. CarCast explores all aspects of the automotive space from the performance aftermarket to new car buying and the future of the automotive industry. The guys answer your questions, offer advice and feature guests from the automotive industry and celebrity car enthusiasts.
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DRIVING DEBT: Car Loans Are Out of Control!
Manage episode 416929937 series 2797620
Content provided by Hemmings. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Hemmings or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Let's break down some eye-opening figures for 2024. According to Fortune.com, the average price of a new car stands at $47,338.00. Pair that with the average new car payment of $738.00 or the slightly lower average new car lease payment of $606.00, as reported by LendingTree.com. Meanwhile, the average payment on a used vehicle comes in at $538.00.
These numbers hit hard because they underscore the financial strain many Americans face. To afford these payments, you'd ideally be earning around $60,000 annually, which incidentally is just about what the average American makes at $59,384 per year. And remember, that's before factoring in essentials like housing costs, student loans, insurance, utilities, and the ever-present expenses of raising a family.
It's a stark reality: auto loans trail only home mortgages as the largest category of debt in the country. On this episode of the Hemmings Hot Rod Podcast, Mike Musto and Ryan Douthit of Driving Sports TV dissect this phenomenon and try to uncover its roots.
116 episodes
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Manage episode 416929937 series 2797620
Content provided by Hemmings. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Hemmings or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Let's break down some eye-opening figures for 2024. According to Fortune.com, the average price of a new car stands at $47,338.00. Pair that with the average new car payment of $738.00 or the slightly lower average new car lease payment of $606.00, as reported by LendingTree.com. Meanwhile, the average payment on a used vehicle comes in at $538.00.
These numbers hit hard because they underscore the financial strain many Americans face. To afford these payments, you'd ideally be earning around $60,000 annually, which incidentally is just about what the average American makes at $59,384 per year. And remember, that's before factoring in essentials like housing costs, student loans, insurance, utilities, and the ever-present expenses of raising a family.
It's a stark reality: auto loans trail only home mortgages as the largest category of debt in the country. On this episode of the Hemmings Hot Rod Podcast, Mike Musto and Ryan Douthit of Driving Sports TV dissect this phenomenon and try to uncover its roots.
116 episodes
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Similar to Hemmings Hot Rod BBQ Podcast
CarCast is twice weekly automotive podcast hosted by Matt “The Motorator” D’Andria, former NFL and WWE superstar, Bill Goldberg, and Vice President Editorial & Editor-in-Chief at Edmunds.com, Alistair Weaver. CarCast explores all aspects of the automotive space from the performance aftermarket to new car buying and the future of the automotive industry. The guys answer your questions, offer advice and feature guests from the automotive industry and celebrity car enthusiasts.
…
continue reading
The Autoblog Podcast is one of the oldest and most-listened to automotive podcasts anywhere. The show features a rotating panel of editors and guests hosted by Editor-in-Chief Greg Migliore. The gloves come off and the lively discussion has everything from the most important news of the week to the best and worst cars we're driving. The show traditionally wraps with the popular Spend My Money segment. With nearly 700 episodes, the podcast is a must-listen for automotive enthusiasts everywhere.
…
continue reading
Biker Radio Rodcast is a podcast on motorcycling in India, celebrating her heroic riders, legendary mechanics and iconic builders through stories told by members of the community, one legend at a time. These are portraits in audio of the people who ride, fix and build motorcycles; their journey and their enlightening learnings from the road they have travelled on. Awarded The Whickers in the UK and with a BBC Sounds audio documentary to boot, the RODcast (Radio On Demand) is a proven example ...
…
continue reading
Let’s Drone Out is a light-hearted and chatty drone focused podcast. Recorded live and interactively every Thursday 8-9 pm UK time on YouTube, come join the interactive chat. Jack and his wife Tony, as well as the rest of the LDO crew are here to bring noobs and pros together. Tune in every Thursday at 8:00PM UK time for the latest on tech, events, news, interviews and a behind the scenes look into the hobby. LEGAL NOTICE: Any views expressed by any guests on this show are personal and may ...
…
continue reading
Join our experts at the Consumer Reports Test Track as they discuss cars, answer buying questions, and share insights on everything automotive.
…
continue reading
Under The Hood® Show. Syndicated across America since 1990 Americas' Favorite Car Talk Show! This Live Radio Show is here to help you get free Auto Repair Advice helping you to save money on Auto Repairs. The hosts take your calls about any Automotive Questions and help guide you to a Repair Solution. If you need Car Repair Help to Make Your Own Do It Yourself Auto Repairs or just need a few Automotive Hints to help when you visit a shop, the guys will help you. The guys work in the Automoti ...
…
continue reading
Sneak Attack! is a homebrew actual play tabletop RPG podcast set in the world of Brannis, as well as the depths of outer space. While in season, new episodes release every Friday.
…
continue reading
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…
continue reading
One of the longest running Pokemon podcasts, PUCL covers the many facets of Pokemon. We talk about video games, battling, community news, anime and manga, trainer tips, and more! Hosted on Acast. See acast.com/privacy for more information.
…
continue reading
The Best in Paranormal Talk Radio Tim Dennis & hosts take listeners on an entertaining journey into all aspects of the supernatural, from ghosts and aliens, to monsters, mysteries, myths & legends with guest experts, experiencers and eye witnesses. With over 16 years experience they continue to be your guides to the encounters that seem to lie just outside the limits of normal life and just past the boundaries of the darkness on the edge of every town.
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