According to a recent survey, only 39% of Americans could cover a $1,000 emergency expense without dipping into credit cards or some other form of debt.
Whether you get in a wreck and have to pay for expensive repair, or get a flat tire, almost everyone has to deal with unexpected car expenses at some point.
While this can affect anyone, if you are self-employed, get income from alternative sources, or itemize deductions this is more likely to be a potential issue.