The Average Car Payment Is $765 a Month. How Much Enbridge Stock Do You Actually Need to Pay Your Car Payment Every Month?
It's not a great idea, but it's an idea nonetheless.
Overview
New cars have been uncomfortably expensive for a while now. Thanks to now-higher interest rates, however, payments on new automobiles have reached wildly high levels. Credit bureau Experian reports that the average payment on a new car stands at a shocking $765 per month.
For most households, buying a vehicle now means some pretty creative money management.
Details
Here's an idea: Although it's certainly not what most people intended for their investment portfolios, why not use higher-yielding dividend stocks to help cover at least some of the cost of financing a new car?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.