How much is your car payment?

[yates ™]

Well, this convo has suddenly turned popcorn worthy overnight

Sleep less and you would be able to keep up better

 

[07Burb]

Sleep less and you would be able to keep up better

I went to sleep at 1 this morning and between many daddy duties just got a chance to check back and this is what I found I guess I should put TYF in front of my kids eating breakfast

 

[edgaranah1]

I was paying 538 for 60 months and 3 and something percent. Just paid my last payment last November, glad to get that payment out of the way.

Enviado desde mi VM670 usando Tapatalk

 

[yates ™]

I went to sleep at 1 this morning and between many daddy duties just got a chance to check back and this is what I found I guess I should put TYF in front of my kids eating breakfast

Have them read the new posts to you.

 

[Yuko04]

Lol. Alright serge geez!!!!

WooooooooWeeeeeeee, Serge is going hard in the paint on this one!

 

[fiatdale]

Here's a good example of living beyond your means. Recently an acquaintance decided to purchase a new Sierra. Sticker was $45,000 or something to that effect. They traded in their existing truck (which wasn't old or paid off), reducing the price to $38,000 after existing rebates. Monthly payment is $560 a month for 78, but possibly more months and 6%.

Annual income? $23,000.


We're all hedging our bets on when they'll file bankruptcy.

I could name several people I know that are in the same scenario. In fact I'd be willing to bet this is most of America. This is why we are in hard times. People want the bling and image status and don't care if they can afford it or not.

As for Serge, you are right on the money with everything you've said. a $50k Tahoe is a $50k Tahoe no matter how you look at it. This is a bad post in so many ways because people will gawk at the "Paid in Cash" people and cry when they see $900/month payments. Its all the same in the end. We all have the same vehicles. I think what the post should state is NEW or USED and what the payments are. That's why a lot of these numbers don't float.

 

[sickk23]

my payment is $488.53/mo and I can't remember how much I financed lol around 30k I believe. The bad thing is... I don't know my interest rate but I'm looking into it right now!

 

[Peaches]

I could name several people I know that are in the same scenario. In fact I'd be willing to bet this is most of America. This is why we are in hard times. People want the bling and image status and don't care if they can afford it or not.

That situation isn't even the tip of the iceberg with them. Ridiculous best explains it, followed by embarrassing. A lot of people make stupid mistakes with money, this kid just leads the pack.

For further proof of the situation America is in, just drive by your local low-income apartment complex and play spot the new vehicle. Then drive back by again in a year, betcha they won't be there anymore. This game is also played best midday, Monday through Friday.

 

[Yuko04]

SAYS it all!

 

[felixgun]

That situation isn't even the tip of the iceberg with them. Ridiculous best explains it, followed by embarrassing. A lot of people make stupid mistakes with money, this kid just leads the pack.

For further proof of the situation America is in, just drive by your local low-income apartment complex and play spot the new vehicle. Then drive back by again in a year, betcha they won't be there anymore. This game is also played best midday, Monday through Friday.

Yea if your car note is more then your rent/mortgage there is definitely something wrong lol!!

 

[Ben]

Also, for the sake of bean counting ...

A $0/mo payment because someone paid up front for their ride doesn't mean that a person pays $0/mo for their truck.

Let's say hypothetically that I paid $40K cash for the HyHoe a year and three months ago, and I sold her for $34k. Although I had no payments to make, $6000/15mo = $400, which was my de facto monthly purchase cost towards the truck, but the only difference is that I paid all those payments up front.

Interest was still being earned through the investment of that $6000 by whomever received it, and paid by me in the form of me not earning interest on that money.

This is to again emphasize how even a $0/mo payment on its own, really is no indicator as to real cost, but is confined to cash flow considerations.

Time for coffee ...

What if I won it or it was given to me?

 

[Peaches]

^Yup! Both of our car payments combined doesn't even equal our mortgage. Sometimes, I wish we didn't like the shiny things so much though, I wish he could get as interested in couches, carpet and furniture, as he is in boats, trucks and atv's. Oh well, at least we play hard.

 

[BillBlatt18]

$000. Payed off in 2010!

Sent from my Galaxy Nexus using Tapatalk

 

[domin8]

Enough.

Sometimes it's enough to make me die a little inside.

 

[Yuko04]

$000. Payed off in 2010!

Sent from my Galaxy Nexus using Tapatalk

What n the hell LED's you have in your sig? Or is that photoshopped? Man them suckers are bright.
Congrats on having hr paid off!

 

[bnoland]

Technically I pay nothing on mine because I paid cash. I took a small signature loan on it though but its only $200 a month for 36 months which I will pay off in about 18 months probably.

 

[Bryansan]

Took a 401k loan for $32k, 4% to MYSELF. $550 p/mo

 

[08z71tahoe]

13k down and $543 a month for 60 months... but paid this hoe off a year early.. **** payements

 

[strongz]

paid cash for a 2010 tahoe in 2011....drove an 02 Tahoe for 7 years to do that.

 

[BMWAlan]

72 months, 2% interest, no money down, 2011 Tahoe LT with a 52K sticker.

I have a GM Employee discount and bought a 2011 in December 2011. I won't mention my exact payment for it might make you hate yours, but its less than 600.