Social Do you have a thousand dollar car payment?

I used to finance everything when you could get 0-1%. Now rates are higher, I’ve been paying cash. I’d have a $2000 a month payment if they had 0% financing again. But they don’t.
 
NadaRekowski said:
Good for you. I worked construction for a couple of years while studying. Everyone was piss-poor and at least on the brink to alcoholism.
Maybe it's different in the US but i never met a brick layer that could've afforded 1300 bucks a month for car rates.
If you aren't a contractor with your own firm you'll never be able to afford that here.

You will get 1300-1600 in germany working as a construction helper in montage/ demontage and roughly 2k as a brick layer after taxes.

And if you are self employed carpenter for instance you'll be crushed by minimum wage firms who offer the same work in shitty manner for a third of your price.
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TBF, I’m now a project manager for a pretty big company. I run several projects at a time. I get most of our bigger projects, so it’s millions of dollars of work at each jobsite. I get a good salary and bonuses etc.
if I wasn’t doing this, I’d be self employed probably making even more lol. But, I’m saving myself from the wear and tear on the body lol
 
I used to think my cousin was half a retard for his 800 dollar car note on a G35 Infiniti back in the day. On top of the car note you have to insure if for a crazy amount of money if the car is worth that much. The price of a mortgage for something that is constantly losing its value something that is just for transportation from A to B.
 
0 car payment. actually just paid it off at the end of december. it was like 450 bucks. im 44, i dont drive much, so i think this will probably be my last car before I move outta the country. Its a 2019 2 door manual murdered out wrangler. I love it.
 
Gasconading about your $1000 payments on the Bentley is such a power move.
 
I heard the average American car payment was 700 and something. Then there's insurance and maintenance easily adding half that.

People do it, I think they're dumb, same for housepayments. Some asshole tells you what to want and people just say, "ya, that's what I want".
 
TheChance said:
Mines about 530 but I pay 1000 a month towards it, that's for my civic si, my truck has been paid of for a couple years.
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could’ve just said gay honestly

anyway i always laugh at people saying the middle class can’t get ahead but they have two car payments. trading in their car to get rid of negative equity. as a traveler i was clearing roughly 5000 a week and driving an 08 accord in 2020. every person i worked with was making 1/8 of that but with a new car, student loans, door dashed starbucks and so on.
 
ricc505 said:
Now I'm curious. Track? What do you race? And what kind of truck and did they warranty?
Man sorry that happened
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We were going to Road Atlanta. We were racing an E30 BMW. It was a 22' Tundra, the engine was recalled and replaced as part of the recall. I still lost ~3k having to rent an HD pickup to get to the track, and then a Penske moving van to tow my trailer home. The entire ordeal was a nightmare.

If the engine failure happened near my house when not towing, it would have been a minor inconvenience.......but this was BRUTAL!

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PG29 red0 Jr said:
We were going to Road Atlanta. We were racing an E30 BMW. It was a 22' Tundra, the engine was recalled and replaced as part of the recall. I still lost ~3k having to rent an HD pickup to get to the track, and then a Penske moving van to tow my trailer home. The entire ordeal was a nightmare.

If the engine failure happened near my house when not towing, it would have been a minor inconvenience.......but this was BRUTAL!

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I had a Toyota when I was a kid. I beat it mercilessly. It got recalled and they replaced both heads all the cams and timing belt for free. I had to pay for 1 part so I didn't complain. Toyota turned around my opinion on them with good service and a tough truck.

That sounds like it was a bad time, hobbies can be a nightmare. I went through a similar time with a friend at Carlisle, friend's truck broke at the track then the Penske truck died on the penny pike on the way home.
 
My biggest payment was for my Tacoma. 200$ a month. I paid 400$ a month and killed that bill quick. I cant do debt, shit fucks with me lol. I only do Toyota lol been too good to me.
 
2013 accord LX that I paid off a couple years ago. Just hit 100k miles on it. Dont see a reason why I won't be hitting 250k or 300k on it. Its ridiculously dependable.
 
My car payments were like $230 a month but I paid off my car in 2017. I couldn’t imagine paying more than like $500-600 a month for vehicle payments.
 
Kung Fu Kowboy said:
Yeah... But it's self drive...

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A great villain


On topic: nope. And I have some nice shit too. But I will use a healthy down payment or trade in to make sure my payments aren’t terrible.
 
Sonny Qc said:
No, when my 2009 Chevy Colorado dieded 2yrs ago,
I bought a 2017 Chevy Trax for 6k

I always paid cash for my cars and always will.
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Agreed. This might seem strange, but at age 57, I've still never had a single car payment. Paid cash for my first car in 1985 when I was 16, a 1968 Plymouth Fury. Fucking barge. Kept that fucker for 10 years. At which point I was in the corporate world with company cars. It was not until the mid 2000's before I had to buy a car again, and I paid cash for every one.

It is NOT a good idea to finance depreciating assets that don't produce revenue.
 
cooks1 said:
Agreed. This might seem strange, but at age 57, I've still never had a single car payment. Paid cash for my first car in 1985 when I was 16, a 1968 Plymouth Fury. Fucking barge. Kept that fucker for 10 years. At which point I was in the corporate world with company cars. It was not until the mid 2000's before I had to buy a car again, and I paid cash for every one.

It is NOT a good idea to finance depreciating assets that don't produce revenue.
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if you have a 1K car payment, I'm guessing your car has got to be 70K, and it also feels wrong to drop 70K on a car, even if you can afford it.
 
Only ever financed 1 car (in '07). An '03 Chrysler Intrepid, all black and fully loaded. Had the 3.5. No clue why, but hey only wanted $4k on it. I didn't even really need it, but the monthly payments were only like $70 a month, and i knew my daughter's car would be dying soon anyways.

She never got the car. I kept it, it was like driving my couch on the highway, and that 3.5lt was a solid V6. I got T-boned in it less than 2 years later, instant write-off, and I profited off the car when the insurance company settled. One of the very few vehicles I've owned that I really miss. Serious highway car, the limited kicker in at 174km/h iirc and it was still quiet even with the sunroof open. Owned an LHS and a 300M too. My buddy owned a Concorde, lol. They were never going to win any beauty contests, but on a drive from the East Coast to Ontario they were dream cars.
 
PG29 red0 Jr said:
If the S&P500 has an average rate of return of ~10%, why would you pay cash for a car if you can finance it for somewhere between 0 - 4%?
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If you buy a used car you aren't getting close to touching 4 percent. In fact, even with good credit, two years ago you're looking at 8 or 9.
 
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