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The reason why many Americans believe that car payments are a normal way of life is because that is how the system works and how middle class families can afford it if they cannot pay the full amount upfront.

What is a Car Payment?

This refers to the periodic payments which a person has to make on a purchase of a car which he has bought by making a down payment and has an agreement with the seller.

With this in mind, in America, this is a standard way of owning a car, especially for people who cannot afford to pay the full amount at once.

Read more about car payments here:
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