In Metro Detroit We Build And Design New Cars, But We Can't Afford Them
Detroit is still in many ways the home of the American auto industry. But a new report out by Bankrate.com shows that Metro Detroit is second to last when it comes to being able to actually afford those cars, compared to our incomes. Metro Detroit ranked 24 out of 25 regions across the nation when it comes to being able to afford a new car, according to a new affordability survey. Bankrate used the “20/4/10” rule as their guide. They say you should aim to put down at least 20 percent of a ve...