How much is your car payment and insurance?

Discussion in 'Mayberry Lounge' started by WorldofWarcraft, May 18, 2014.

  1. WorldofWarcraft

    WorldofWarcraft Holy Paladin Banned

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    My nephew just bought a BMW, he's only 22 years old and makes $14/hr. at a very unstable job and with his parents breathing down his neck to move out. And he's got 2 kids, different mothers and hasn't paid child support EVER.

    His car payment is over 1k a month... and I don't even know what his insurance is. Ridiculous. Now I know dealerships will finance just about anyone.

    How much is your car payment?

    As for my daily driver, I drive an old car, 2004 Toyota Corolla and paid cash for it a few years ago. I cannot stop thinking about getting a new Toyota Tundra, though. I need a newer offroad vehicle.
     
  2. Kanster

    Kanster Guest

    How did he buy a BMW and still makes car payments? That makes no sense to me.

    I don't own a car because I don't need one. I'm a car dealer so I can take any car that we have in stock, the company I work pays about $70 a month for insurance for Delaware dealer plates.
     
  3. jukebox

    jukebox Guest

    That ***** getting repo'd
     
  4. unhealthy

    unhealthy <img src="http://i.minus.com/ibznyCp2julXX1.gif">

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    I drive a Navigator, paid it off a few months ago. Insurance for it and my wife's Pacifica is about $800 a year.
     
  5. RedRocket44

    RedRocket44 Brown Belt

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    Have a 2007 infiniti g35x. Pay just under 300/mo for it for another year and a bit. Insurance is 120/month.
     
  6. Tbonetron2.0**

    Tbonetron2.0** Banned Banned

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    Just got a 2014 accord. $260/month. Insurance for it and my wife's 2001 sentra together is $207/month.
     
  7. WorldofWarcraft

    WorldofWarcraft Holy Paladin Banned

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    wow, nice, you can take em home? How about if you want to go to another state?
     
  8. Kanster

    Kanster Guest

    Yes of course I take it home because that's my only means of transportation, I have a garage so that really helps.. Took a few cars to PA on more than one occasion. Also as long as I don't put a thousand miles on it. If I get close to that I have to take another car.
     
  9. Shawn91111

    Shawn91111 Brown Belt

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    2010 Accord, $240 a month and 2013 Civic $265 a month. Used to be with Progressive paying $350 a month for both cars, recently switched to Geico for the same coverage for $120 a month for both
     
  10. Brampton_Boy

    Brampton_Boy Douchey Mc Douche

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    No car payment, I bought my car outright.
    Insurance is $144 a month for a 2012 Ford Escape.

    Never understood why people go way over their budget for a car - it is something that is a depreciating asset the moment you drive it off the lot.

    As long as something gets me from point A-Z safely (and ideally, with air conditioning), I am a happy man.
     
  11. GordoBarraBJJ

    GordoBarraBJJ Yellow Card Yellow Card

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    2 vehicles - about 1000$ a month, plus another 180$ for insurance.
     
  12. 7437

    7437 Gold Belt

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    This, people spring for way too spendy of stuff. especially new cars. I have a pair of mustangs, one 2000, one 65. Own both outright, and pay around 130 a month for full coverage.
     
  13. v.kevin

    v.kevin <img src="http://imageshack.us/a/img850/872/canbel

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    Two cars are paid for. 1 is almost 10 years old the other is 12 years old. They still run well and until they start being money pits, we will keep them.

    Insurance is about 900/ year for the two vehicles.

    OP's nephew is a perfect example of stupidity in our "look at me" society.
     
  14. Rex Luger

    Rex Luger The Rex Express Platinum Member

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    Around 440$ for two cars, one is payed off.
     
  15. Flemmy Stardust

    Flemmy Stardust King of Lea

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    i pay $209/month for car. $123/month for insurance.
     
  16. ralphc1

    ralphc1 Steel Belt Platinum Member

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    How does he get by without paying child support? Are the women well off enough to pay for everything themselves?

    I haven't borrowed money for anything in the past 30 years. My policy is to only borrow money for things I need. You might need a car but nobody needs a new car. I buy what I can pay for and because of that, I can afford things I don't need.

    I know many people who reached retirement age still deep in debt because they borrowed money to buy things they wanted instead of the things they needed. I know people who only look at the monthly payment not the total cost. People are paying over 12% on car loans and over 20% on credit card debt. Many people never pay off a loan on a vehicle. They just role the remaining debt into a loan on another vehicle.
     
  17. WorldofWarcraft

    WorldofWarcraft Holy Paladin Banned

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    It's going to catch up to him and when it does, he's fucked.

    Anyway, I fully understand the desire to buy a new and expensive car. The temptation is strong, especially if you CAN get financed for it.
     
  18. kjg1672

    kjg1672 Brown Belt

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    My car's paid off. I pay $99 a month for insurance.
     
  19. Jacob14

    Jacob14 Blue Belt

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    I drive a 2007 Chevy Impala. Car payment is $185. Insurance is $114.
     
  20. Kanster

    Kanster Guest

    So what kind of BMW does he drive?
     

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