$38,792 is not a modest car loan when the median household income in the US is on the order of $55,000.
>>$38,792 is not a modest car loan when the median household income in the US is on the order of $55,000.
Average new car in 2021 costs $38K in 2021, no matter what the average household income is.
https://www.financialsamurai.com/average-new-car-price/