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

Bboystyle

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Yeah I would need it for that pretty much goodlooks
Older hondas are the best for your type of situations. I had a 1998 accord that i bought for $1100 and kept for 3 years before selling it. Best part is that they are great DIY fixer uppers. Save money on maintenace.
 
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CopiousX

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6 YEARS OF 500 DOLLAR PAYMENTS
I don't know many who make it all the way and don't just sell the whip and get something cheap to offset the payments
WTF? High interest rate? Bimmer? Does that include insurance?

You could’ve gotten a used Porsche at that rate. That’s 1/3 of a house payment if you gotta add more for insurance
 

Controversy

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My lease is $556/month on a $56k vehicle (2020 model)

When you have great credit, you pay a really low interest rate, which helped me

My credit score was 803 when I got it
 

winb83

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My lease is $556/month on a $56k vehicle (2020 model)

When you have great credit, you pay a really low interest rate, which helped me

My credit score was 803 when I got it
I couldn't imagine paying that type of money for a car per month. It's not even that it's unaffordable I'd just look at that and go there's ways that money could be making me more money instead of losing me money. I'm kinda unhappy paying $164 a month for what I got and can admit that it was a mistake to finance the car at all. I could have took that $10K down payment and got a whole car and been done.

Now if I was balling to the point where I could walk in the store and buy that car cash like it was a pack of gum or some shyt to me I might be able to see it but even then my nature would say don't do it. I don't ever really wanna spend more than $20K on a car.

My 2016 Honda Civic EX gets the job done probably at a higher level than I really needed. Exceptional gas mileage and enough modern features to get by.
 

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I couldn't imagine paying that type of money for a car per month. It's not even that it's unaffordable I'd just look at that and go there's ways that money could be making me more money instead of losing me money. I'm kinda unhappy paying $164 a month for what I got and can admit that it was a mistake to finance the car at all. I could have took that $10K down payment and got a whole car and been done.

Now if I was balling to the point where I could walk in the store and buy that car cash like it was a pack of gum or some shyt to me I might be able to see it but even then my nature would say don't do it. I don't ever really wanna spend more than $20K on a car.

My 2016 Honda Civic EX gets the job done probably at a higher level than I really needed. Exceptional gas mileage and enough modern features to get by.

I'm sure it would cost $800+ per month if it was financed. I'm saving more than 30% by leasing & I get 15k miles per yr. Transportation is a necessary expense for me. And my car note is less than 10% of my take home per month.
 

Serious

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Pay $600 a month for a luxury soccers mom car Brehs :mjlol:
I mean it's all relative to what he makes as well as his other expenditures.

If duke has good credit, plus makes significantly more, I'm guessing north of 8,000 / month take home, then it shouldnt be a problem.

We all have vices we spend our money on. No should be a penny pincher 24/7. That's no way to live.


It would problematic is dude had a subpar credit score under 700, which mean he doesnt have a habit of paying his bills or a high debt to income ratio, as well only made median income (50k).
 
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