Suze Orman shares one radical move to save big on car costs
The bestselling personal finance author suggests a major change.
Personal finance author and media personality Suze Orman highlighted in her May 15 newsletter that the monthly expense of owning a car is approaching $1,000 for many families.
She noted that the typical payment for a new car loan is close to $750 per month, while the average cost of insurance has risen to around $200 per month, compared to $130 per month back in 2020.
To battle these high costs, Orman proposed a solution that many households might find to be a radical idea.
