Monthly car payments hit record high of $712 in May

[AAKing23]

I will drive my 08 Altima and 04 Lexus GS300 until they’re dust. I pay 250 a month for insurance and that’s it

 

[RadaMillz]

700 a month


I would rather save up and buy a 2010 honda accord or something

 

[Soylent Greenz]

You ain’t getting no car these days with a $350 payment

Not true.
A couple months backs I dropped 8 stacks down on a 2018 mazda 6 grand touring reserve and that's exactly what my note is.

 

[TheMailMan]

Not true.
A couple months backs I dropped 8 stacks down on a 2018 mazda 6 grand touring reserve and that's exactly what my note is.

Dropping 8 stacks probably had something to do with it ... But who has 8k just to drop on a car these days ? Still seems kinda high but guess it depends on the loan term

 

[OfTheCross]

Not true.
A couple months backs I dropped 8 stacks down on a 2018 mazda 6 grand touring reserve and that's exactly what my note is.

Most people put little or no money down

 

[TMBlue]

I'm glad folks are buying brand new cars. It'll be a lot cheaper when I'm ready to buy it used.

 

[Soylent Greenz]

Dropping 8 stacks probably had something to do with it ... But who has 8k just to drop on a car these days ? Still seems kinda high but guess it depends on the loan term

Most people put little or no money down

I mean if your goal is to have the most affordable note that still allows you flexibility with your lifestyle where your not killing yourself to pay it,then the plan should be to come in with a sizable down payment and/or finance through a credit union or institution that will provide the lowest interest terms.

 

[Jekyll]

Doesn’t seem smart to buy a car with all the shortages. But people can’t flex with old whips I guess. I’m just about ready to upgrade from my 2012 but i’m in no rush. Living with no note is the good life.


Also good luck at getting a property with that $700 note fukking up your DTI

 

[TheMailMan]

I mean if your goal is to have the most affordable note that still allows you flexibility with your lifestyle where your not killing yourself to pay it,then the plan should be to come in with a sizable down payment and/or finance through a credit union or institution that will provide the lowest interest terms.

I think the credit union is the way to go. If I dropped 8k for a used car my payment bwtter be 50 bucks a month

 

[Serious]

I dont know why broke people don't buy a 2011 Toyota Avalon and other great reliable used car under 10k.

My 2016 Maxima is paid off. I feel lucky. I do want to ride big, but I'll want. I have a 2004 Sienna too thats been great..

I'm from Louisiana where we say if the car isn't making u money, you shouldn't be paying so much.

Broke people in America don’t know they’re broke or refuse to live like it

 

[Soylent Greenz]

I think the credit union is the way to go. If I dropped 8k for a used car my payment bwtter be 50 bucks a month

Your not doing the math,just talking.
Look online at the prices for the car I said I bought (it had 20k miles),then subtract the down payment and you can see the number left and use division to see how it came to 350.

 

[zayk35]

Paid off 2015 Jeep Cherokee all black, never had any problems, done drove cross country 5 times in it. I'm going to roll with it till the wheels fall off.

 

[Noriega]

I dont know why broke people don't buy a 2011 Toyota Avalon and other great reliable used car under 10k.

My 2016 Maxima is paid off. I feel lucky. I do want to ride big, but I'll want. I have a 2004 Sienna too thats been great..

I'm from Louisiana where we say if the car isn't making u money, you shouldn't be paying so much.

Yep, copped my 07 Acura TL back in 2019 at 127k. Now has 155k, minor issues but nothing major. I don’t drive much anyways, work is 5 minutes up the road, everything else is need is within 15/20. Paid 6K in cash

Cats paying $500+ a month to drive a jeep that will breakdown soon as that warranty up

 

[Noriega]

Paid off 2015 Jeep Cherokee all black, never had any problems, done drove cross country 5 times in it. I'm going to roll with it till the wheels fall off.

Buy a Jeep brehs

 

[The_Unchosen_One]

Paid off 2015 Jeep Cherokee all black, never had any problems, done drove cross country 5 times in it. I'm going to roll with it till the wheels fall off.

I got a 2014 Jeep Cherokee all black, never had any issues either.. had it since 2015 and about to hit 100k on it this year... Paid off back in 2020... she's been my soldier with my job, now she's got the easy life, riding with her til wheels fall off