Buying a new vehicle may seem out of reach for some Charlotte residents, but they can afford more than many of their big-city counterparts. Charlotte's median-income household can afford paying up to $21,655, or a maximum monthly payment of $408, for a new new car or light truck, according to Bankrate.com's 2016 Car Affordability Index. That put the Queen City as the sixth-most affordable large city to make a car purchase. Raleigh ranked No. 9, with residents there being able to spend $20,901,…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/news/2016/06/30/how-much-can-charlotteans-afford-to-spend-on-new.html?ana=RSS%26s=article_search
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