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Car Buying 101

People take pictures of a Tesla Model S car, displayed at the 43rd Tokyo Motor Show November 20, 2013. REUTERS/Yuya Shino
People take pictures of a Tesla Model S car, displayed at the 43rd Tokyo Motor Show November 20, 2013. REUTERS/Yuya Shino

A new study conducted by Interest.com says Americans spend too much for cars.   Managing Editor Mike Santé says the average sales price for a new car is about 32-thousand dollars, he says that’s about 11-thousand more than the average household can afford.

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