My Account
Sign up, and you'll be able to ignore users whose posts you don't want to see.
Sign up
Report problem with this ad
Start a related thread
Start a related poll
Reply via Boardmail
Jan 30, 2023
11:21
:30
am
RockyBalboa
Truly Addicted User
Wait is the avg car payment really well over $700/month now?
I can't even fathom that. I mean......................why would you do that?
This message has been modified
Originally posted on Jan 30, 2023 at 11:21:30am
Message modified by RockyBalboa on Jan 30, 2023 at 11:21:40am
Start a related thread
Start a related poll
Reply via Boardmail
Report problem with this ad
RockyBalboa
Previous username
MesaCougar
Bio page
RockyBalboa
Joined
Apr 24, 2002
Last login
May 5, 2024
Total posts
48,290 (1,432 FO)
Report problem with this ad
Related Threads
Children:
How do you draw the line on knowing how much to invest vs how much to spend?
(crack, Jan 30, 2023 at 11:53am)
Messages
Author
Time
Wait is the avg car payment really well over $700/month now?
RockyBalboa
1/30/23 11:21am
You think all the people buying $85k cars are doing so in cash?
Salami Karate
1/30/23 11:22am
Or it could be a high credit risk buyer making a bad deal.
BlueFever
1/30/23 11:27am
or you could be buying an average priced new car with 20% down... $720mo
TheLost
1/30/23 11:33am
Keep Dave Ramsey popular
calvindyer
1/30/23 11:24am
What does this have to do with Dave Ramsey?
RockyBalboa
1/30/23 11:39am
72 and 84 month terms on those loans too.
fulano
1/30/23 11:26am
RE: Wait is the avg car payment really well over $700/month now?
md7Coug
1/30/23 11:26am
I have a car payment that is about $800 a month
cougarfann888
1/30/23 11:27am
That is pretty remarkable. The average rate was over 4% at that time nationally.
Charles Darwin
1/30/23 11:31am
I got a truck with zero percent interest in February 2021
JOPE
1/30/23 11:38am
Such a drag on your monthly cashflow and on an item that goes down in value with literally every mile you drive.
TheLoneCougar
1/30/23 11:34am
But if he could afford it, he made the smart decision. The $33,000 is worth way more than the $800 a month.
JOPE
1/30/23 11:39am
Sure. I just can't stand the thought of forking out that much each month vs. investing it.
TheLoneCougar
1/30/23 11:41am
simple question... what cars do you own now?
TheLost
1/30/23 11:42am
2012 Honda Odyssey and a 2016 Lexus
TheLoneCougar
1/30/23 11:56am
I did the same thing last year. Midlife crises car. And the monthly pmnt makes
DiamondMo
1/30/23 11:50am
I’m the opposite for the same reasons, the thought of taking $50k cash out and putting toward a car makes me sick
JOPE
1/30/23 12:11pm
When interest rates were 1-2% this was great, take out a loan use your own cash
kotacoug
1/30/23 12:32pm
I don't pay for $50k cars so we aren't really in the same realm here.
TheLoneCougar
1/30/23 1:00pm
Weirdly They’ve actually appreciated over the last year.
kotacoug
1/30/23 11:51am
That isn't going to last and has already started to come down.
TheLoneCougar
1/30/23 11:56am
True. But maybe not significantly.
kotacoug
1/30/23 12:26pm
Just imagine the lifestyle you could live (for a few years) if you had no financial sense.
kccougar
1/30/23 11:28am
Average new car is $48K. Payment with 20 percent down monthly $734
Ycrazy
1/30/23 11:30am
doh!.. beat me by seconds
TheLost
1/30/23 11:32am
Um, a $45,00 car with a $10k down payment @ 60mo is $724. When was the last time you bought a car?
TheLost
1/30/23 11:31am
Used cars are not, no average, $45k.
TheLoneCougar
1/30/23 11:35am
How about $35k with a smaller down payment? same $700mo payment..
TheLost
1/30/23 11:39am
I still wouldn't be buying a used car for that amount, but admittedly my car buying methods are not for everyone.
TheLoneCougar
1/30/23 11:42am
I have mentioned this before and really wish I could find it again - but a while
crack
1/30/23 11:33am
Because I like my car and can afford it?
NumbersGuy
1/30/23 11:34am
Brand new EVs ain't cheap. Especially the ones talked about on CB.
HuskerFan2
1/30/23 11:34am
Both my friends had over 1000 and 700 respectively last year. Showed them
Adwight
1/30/23 11:35am
My payments are well above that. We got 0% financing though so why not finance it all.
RdF3
1/30/23 11:41am
Me too. 0% 60 months. 40 months left. But I keep my cars 20 years
Nat Gas Man
1/30/23 11:44am
Because if you financed all at 0% then you overpaid on the purchase price.
kccougar
1/30/23 11:55am
Not necessarily true.
Nat Gas Man
1/30/23 12:00pm
My price was the same before we even talked any financing. It was straight MSRP pre ordered.
RdF3
1/30/23 12:05pm
If you got % you could have got the purchase price lower but it only matters
kotacoug
1/30/23 12:25pm
Yep if you go 0% you are paying for it in the purchase price. Smart buying
kotacoug
1/30/23 12:21pm
Report problem with this ad
Posting on CougarBoard
In order to post, you will need to either
sign up
or
log in
.
Report problem with this ad