Anonymous wrote:The last post is ridiculous. I have about $5M in retirement and non-retirement accounts. I financed about 15K on a new car for 5 years at 1.9%. I could have paid cash. Am I really living beyond my means? Give me a f'ing break.

You're paying more than you needed to pay. You're giving money away for no good reason. You're not living beyond your means, and if it makes you feel good to put extra money in the financier's pocket, go for it. But it's money you could have invested; over time, it would have been even more money. Why did you waste it?

$470 on a RAV4 Hybrid. We could pay it off (we also could've paid cash), but it's at 2.6% through our credit union and we have student loans with higher interest rates. Money is fungible, carrying a car note isn't a sign that you have none. It's a sign you're putting your money somewhere else.

We paid more than $1k a month per car - financed for 3 years with the purchase price of about $40k per car.

Two leases - $1200 total - Audi Q7 and an Audi A4. Don't really care that it might not be the best investment/use of money. We like them.

woah just by reading this i realized how expensive car is in other countries...cause your monthly can buy a car in mine!

zero. I drive 2 Chevy Suburbans. One is a 2004, one is a 2015, both are paid off. I know they depreciate why pay it off so fast--etc, but I hate paying a car note.

Anonymous wrote:The last post is ridiculous. I have about $5M in retirement and non-retirement accounts. I financed about 15K on a new car for 5 years at 1.9%. I could have paid cash. Am I really living beyond my means? Give me a f'ing break.

+1. NW of 8M+ with financed cars. When someone offer .9% financing and you're making 8% in the market, you take it.

704 on a 2017 crv. 48 mos

If the goal is to be smart with your money you would finance the entire car on 0% and use the money in the market to invest. Or buy used. Paying cash for new is a waste if there are other options.

$453 Mazda 6

Car loans of less than $30k carry like $1500 in interest through the life of the loan at the high end if you actually pay on schedule. Who cares! I can make far more money in the market with that money.

To respond, for some reason, I fell into buying VW products new. We have a 2012 Tiguan I bought new, no money down, 0%. That one is paid off. Bought myself a GTI recently, maybe 1.9% or 2.5%, not sure, didn't care. Total loan was like $28k.

Anonymous wrote:anyone with a car payment is living beyond their means. Besides,, a vehicle is one of the dumbest purchases someone can make. Depreciates extremely fast plus gas, insurance and maintenance costs

Instead go lower on the vehicle and buy a house closer in or if you have kids in a better school district or have that much more to spend on private school. All 3 are much better long-term investment

I'm living within my means with a car payment; I only financed because I wanted to build my credit.

The last post is ridiculous. I have about $5M in retirement and non-retirement accounts. I financed about 15K on a new car for 5 years at 1.9%. I could have paid cash. Am I really living beyond my means? Give me a f'ing break.

anyone with a car payment is living beyond their means. Besides,, a vehicle is one of the dumbest purchases someone can make. Depreciates extremely fast plus gas, insurance and maintenance costs

Instead go lower on the vehicle and buy a house closer in or if you have kids in a better school district or have that much more to spend on private school. All 3 are much better long-term investment

I would not finance a car. I save until I can buy one. The finance charges are ridiculously high. If they offer "0%" they just jack up the price of the car to compensate.