What’s your monthly car payment?

[Anonymous]

Anonymous wrote:Not sure why people with paid off cars keep replying to this thread. You obviously do NOT have a monthly car payment, which is what this thread is regarding. #humblebrag if we can even call it that.

Not paid off, but PIF, like a grown up.

[Anonymous]

I'm appalled with how many people in this thread are paying upwards of $300. Time to start spending within your means.

[Anonymous]

Anonymous wrote:Omg. I pay $712 for a Volvo S60. I now see this is not the norm.

Yeah, that's scary high.

[Anonymous]

Anonymous wrote:I bought a used 2012 Toyota in 2015. Price was $14K and I put $5K down. Now I pay $200/mo on a 5 year loan.

I still have a student loan to pay that’s at a higher interest rate than the car. Once I pay off the loan, hopefully this year, I’ll start making extra payments on the car.

Why are you getting a five year loan? You are wasting money on interest. Scale back your car and stick to 2 or 3 years at the MOST.

[Anonymous]

$350 for a 2014 Honda Civic

[Anonymous]

Anonymous wrote:

Anonymous wrote:I bought a used 2012 Toyota in 2015. Price was $14K and I put $5K down. Now I pay $200/mo on a 5 year loan.

I still have a student loan to pay that’s at a higher interest rate than the car. Once I pay off the loan, hopefully this year, I’ll start making extra payments on the car.

Why are you getting a five year loan? You are wasting money on interest. Scale back your car and stick to 2 or 3 years at the MOST.

We do the same thing, sometimes 6 years. DH is in sales and his income has ranged from 200k-600k and he would be let go in a down year and take a full year to rebuild. We keep all our monthly obligations low. Our last car we paid off in 8 months, and currently have no payment.

Not sure why you find it so incomprehensible that not everyone can handle a big payment as the PP clearly spelled it out for you. Maybe that is all the PP can afford. Reading is fundamental.

[Anonymous]

I’d rather finance longer and pay off quicker than finance shorter and end up not being able to make the payment.

[Anonymous]

I’m paying in the low 500’s for a car that was around 30k. I did 100% financing (no down payment) with zero percent interest.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not sure why people with paid off cars keep replying to this thread. You obviously do NOT have a monthly car payment, which is what this thread is regarding. #humblebrag if we can even call it that.

Because some people don't buy cars that they cannot afford. I assume those people who posted $0 paid their car in full on the day of purchase.

Not necessarily. I had a $400 monthly payment for 5 years until I paid it off. It’s been great having no payment for the past 5 years but I’m going to need a new car soon— I have 200,000 miles on it now.

Similar. We paid our cars off in 3 years. It felt tight, but so good once we had no car payment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not sure why people with paid off cars keep replying to this thread. You obviously do NOT have a monthly car payment, which is what this thread is regarding. #humblebrag if we can even call it that.

Because some people don't buy cars that they cannot afford. I assume those people who posted $0 paid their car in full on the day of purchase.

Not necessarily. I had a $400 monthly payment for 5 years until I paid it off. It’s been great having no payment for the past 5 years but I’m going to need a new car soon— I have 200,000 miles on it now.

We have no car payments. However, we make a "payment" of $600/month to a separate savings account. That account funds all car expenses except gas, and when we need to buy a car - big pile of cash, no car "payments." It also can double as a supplement to our emergency fund.

[Anonymous]

$225 /36 month loan and only 14 more months.

[Anonymous]

Anonymous wrote:I'm appalled with how many people in this thread are paying upwards of $300. Time to start spending within your means.

$300 for a car even at a 36-48 month loan is honestly really low. Some pay $300 on just hair and nails each month. It all just depends on what's important!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Not sure why people with paid off cars keep replying to this thread. You obviously do NOT have a monthly car payment, which is what this thread is regarding. #humblebrag if we can even call it that.

Not paid off, but PIF, like a grown up.

There are different circumstances. If I can get 0 % financing I would rather use that and put the 40k in the market and generate free money. Like a grown up.

[Anonymous]

$1,395

2018 Odyssey
2017 Audi Q7

[Anonymous]

$239 for a 2018 subaru forrester