The average new car payment in the United States is hovering around $700 per month. Yep, SEVEN HUNDRED DOLLARS. Deciding to sign up for that kind of debt shouldn't only be based on whether you can make the payment. Also consider what else that money could be used for. If you wisely invested $700 per month from age 25 to age 50, you'd have over A MILLION DOLLARS. Driving a used car you can afford to pay up front for is SO much better for you financially than being chained to massive monthly payments. Your largest wealth-building tool is your income — I want you to EARN interest with it, not pay it. So... work hard and save up to buy a car you can afford. Then, go live your life without worrying what other people think about it... because they REALLY don't. #theramseyway #financialpeace #financialindependence #comparison #debtfree