The average car note in the US is $400 for a used car:scusthov:

[hashmander]

i lease for 2 years and wash, rinse, repeat. not interested in buyouts. i've had situations in the past where i actually had equity in the lease and sold it to carmax nearing the lease end date and they sent a check to the leasing company for the buyout amount and gave me the balance.

 

[jilla82]

I look at my old ass Toyota like now

 

[mamba]

I used to want the dope luxury vehicle but then I smartened up. Most people are paying for their vehicles out of their salary. The smart way to do it is to have an asset that pays for it.

Right. If I ever buy another luxury vehicle, an asset will pay for it. There’s no way I’m paying $600/mo + fuel + insurance + maintenance off salary alone. That’s ass backward.

For what? To impress some bird? Or to make some other nikka envy me? I'm good on that.

Silently stacking.

 

[Serious]

Right. If I ever buy another luxury vehicle, an asset will pay for it. There’s no way I’m paying $600/mo + fuel + insurance + maintenance off salary alone. That’s ass backward.

For what? To impress some bird? Or to make some other nikka envy me? I'm good on that.

Silently stacking.

@Secure Da Bag take notes

 

[Macallik86]

The amount of people paying for a car they can't even use in the current climate gotta hurt

 

[mamba]

The amount of people paying for a car they can't even use in the current climate gotta hurt

This.

 

[levitate]

Paid my car off last month...



I intend to keep this car until it disintegrates...

 

[winb83]

The amount of people paying for a car they can't even use in the current climate gotta hurt

My car cost me $164 a month in car payments. I hardly feel it.

Paid my car off last month...



I intend to keep this car until it disintegrates...

Must be nice. I'll probably be paying on my car for the full 4.5 years. 2.99% APR on at the time $9K with a $10K down payment. I still owe about $8k. I actually take the full payment out every check and save the extra amount in a high yield savings account. Right now I treat that as an emergency fund but in the future as it continues to build if I so feel like it I'll be able to pay the car off in one fell swoop. Should be about half way into the loan.

 

[Bboystyle]

thats because the avg. american has avg to shytty credit.

my car note is only $280 for a new car that i bought 2 years ago.

 

[winb83]

thats because the avg. american has avg to shytty credit.

my car note is only $280 for a new car that i bought 2 years ago.

Naw the down payment really reduces the monthly payment.

 

[Bboystyle]

Naw the down payment really reduces the monthly payment.

That as well but good credit helps majorly because u can haggle with them and lenders will give u excellent finance rates. My wife got her crappy 2016 Nissan with no money down and only $315.

when i had shytty credit back in 2009, i put $3k down on my fusion and still had to pay $460 due my credit and the rates i was approved for.

 

[winb83]

That as well but good credit helps majorly because u can haggle with them and lenders will give u excellent finance rates. My wife got her crappy 2016 Nissan with no money down and only $315.

when i had shytty credit back in 2009, i put $3k down on my fusion and still had to pay $460 due my credit and the rates i was approved for.

Bad credit probably means going to a Buy Here Pay Here place and if so your payments will be a nightmare.

I'd never again buy a car with no money down. That's just a quick way of getting upside down on a car loan. The depreciation will likely outpace your payments in the first few years.

 

[SuavePrince]

How much should be spent on a starter car?

 

[MR. SNIFLES]

How much should be spent on a starter car?

DEPENDS ON WHAT YOU NEED IT FOR. IF YOU GOING TO CLASS AND HOME A $1500 CAR COULD GET YOU BY FOR A FEW YEARS. JUST HAVE IT CHECKED OUT BY A TRUSTED MECHANIC.

 

[SuavePrince]

DEPENDS ON WHAT YOU NEED IT FOR. IF YOU GOING TO CLASS AND HOME A $1500 CAR COULD GET YOU BY FOR A FEW YEARS. JUST HAVE IT CHECKED OUT BY A TRUSTED MECHANIC.

Yeah I would need it for that pretty much goodlooks