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Reply to "What is your car payment?"
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[quote=Anonymous]You shouldn't focus on the monthly car loan payment. That has no relationship with how much a car costs to own. Lease payments gets a little closer, but here again you don't know how much money was put down at the start. I bought a $86k european luxury car last year about this time. It's worth $65k now. So regardless of what my car loan payment is (I don't have one), this car is costing me $1750 a month to own for the first year. Averaged out to 3 years, I would expect it to cost around $1200-$1300 a month. [/quote]
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