Average Monthly Auto Loan Now $503 @ 68 months

[Quiet Magician]

Leasing isn't nearly as stupid as financing or buying a used car that you have to constantly fix. It's not the four letter word that it used to be

Sure it beats buying a new car but buying used is always better. Ownership for the price is better than paying a monthly payment for something you don't own.

Nah, for a Lexus RX450 hybrid. We had just dropped $60K down on a house 3 days before, was tapped out on cash reserves.

Buying a new car whose value will only depreciate as time goes on.

 

[Da Jungles]

I pay 348 a month on a 2015 for 20k

What kind of car?

 

[scarhead]

This and the student loan situation and also Blackstone selling derivatives from mortgages make me think another crisis is near.

 

[PrnzHakeem]

Buying a new car whose value will only depreciate as time goes on.

I bought it certified pre owned, I'm not taking the depreciation hit.

It's costing me less than $1000 to borrow $35,000 for 36 months. That's a come up.

 

[Quiet Magician]

I bought it certified pre owned, I'm not taking the depreciation hit.

It's costing me less than $1000 to borrow $35,000 for 36 months. That's a come up.

You could have bought a lexus in good condition for a third of the price my nikka or lease it at least if you want to drive something nice....

I simply don't see the reason for this when the used car market is teaming with deals and quality cars for reasonable prices.

 

[HookersandIceCream]

@itsyoung!!

Come in and explain your $800 a month car payment for a 2012

 

[HookersandIceCream]

You could have bought a lexus in good condition for a third of the price my nikka or lease it at least if you want to drive something nice....

I simply don't see the reason for this when the used car market is teaming with deals and quality cars for reasonable prices.

Some people like food, some people like vacations, some people want a better ride during their commute.

You can still be financially responsible, drive a nice car and have a nice house.

 

[PrnzHakeem]

You could have bought a lexus in good condition for a third of the price my nikka or lease it at least if you want to drive something nice....

I simply don't see the reason for this when the used car market is teaming with deals and quality cars for reasonable prices.

Price wasn't a worry obviously, but I did my research
Find me some fully loaded RX450H 2013 or better still under warranty for a 3rd of the price or retract your statement. Pull up Autotrader, cars.com, whatever.

Leasing not an option cuz I want this car for the long haul.

Don't feel bad for me, it's not hurting my pockets.

 

[Sad Bunny]

I'm keeping my car forever lol

Almost done paying it off

$200 a month

$75 insurance

Gonna pay it off after the wedding

 

[Quiet Magician]

Some people like food, some people like vacations, some people want a better ride during their commute.

You can still be financially responsible, drive a nice car and have a nice house.

You can drive a nice car that is used and have a lot more money in your pocket. Lexus cars are notorious for expensive repair costs and maintenance.

Price wasn't a worry obviously, but I did my research
Find me some fully loaded RX450H 2013 or better still under warranty for a 3rd of the price or retract your statement. Pull up Autotrader, cars.com, whatever.

Leasing not an option cuz I want this car for the long haul.

Don't feel bad for me, it's not hurting my pockets.

You won't be saying that in 5 years.

 

[PrnzHakeem]

You can drive a nice car that is used and have a lot more money in your pocket. Lexus cars are notorious for expensive repair costs and maintenance.



You won't be saying that in 5 years.

Lexus are well known for reliability. What kind of car do you drive?

In 5 years, I'll have the Lexus paid off and my next car paid off.

Now find me those cars with the price points you concocted for the sake of your argument.

 

[tru_m.a.c]

I'm paying 363 over 5 years, got 30 mths left, on a 2014 Honda Accord. Nothing flashy. Great on gas. Gets me where I need to be.

Insurance just went up on me cause I got a speeding ticket last fall smh. Was paying 360 every 6 months on that, shyt jumped to 500.

 

[Quiet Magician]

Lexus are well known for reliability. What kind of car do you drive?

In 5 years, I'll have the Lexus paid off and my next car paid off.

Now find me those cars with the price points you concocted for the sake of your argument.

If you say so, do you.

 

[PrnzHakeem]

If you say so, do you.

You have made a bunch of statements, offered no supporting evidence, and answered none of my questions. Me thinks you're a pocket watching hater.

 

[Standing on business]

64 impala or a 65-67 fast back mustang is my next purchase

Ain't no depreciation bih