1. (n.) The act of vindicating, or the state of being vindicated; defense; justification against denial or censure; as, the vindication of opinions; his vindication is complete. 1  2. (n.) The claiming a thing as one's own; the asserting of a right or title in, or to, a thing.
Almost identical to the size of the average student debt: $27,000. Over 10 years, a typical term for a student loan, the average debt of $28,200 will require a monthly payment of $284 a month at the current federal loan rate of 3.86% According to Experian, the average new car loan today has a monthly payment of $471. Getting into college is hard enough.
Recent statistics show that one-third of car buyers sign up for a six-year loan at an average interest rate of 9.6%. Among these buyers, the average price of the car is just over $26,000. This means that one-third of the cars you see on the road are dragging a $475 payment behind them. The car dealer wonât tell you that your awesome new car loses about 25% of its value the instant you drive it off the lot.