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Cars and Transportation
Reply to "My new car payment is $1,000"
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[quote=Anonymous]I bought a $55k car, traded my old one (-$15k), and had a down payment (-$10k). I financed about $30k for 5 years and had a $662/mo payment. 8 months later, I got my annual bonus and paid the entire loan off. I think in total, I paid less than $1000 in interest. I couldn’t imagine being saddled with a $1000 monthly payment for 5 years. [/quote]
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