So How Much do you Pay Monthly for your Car ?

[wilheim]

Zero but it's a 2000 Izuzu Trooper. Runs and looks great thanks to my wife who takes care of it. She knows all the spots to get cars maintained well and fairly cheap here in San Jose.

When I was living on Cape Cod back in 2005 I bought a 93 Toyota Camry Wagon for $1800 (paid cash to guy who had it on internet for sale). The wagon was a dream for an old car, amazing how much stuff you could cram into the back with the two back seats down. I had the front breaks done and bought a cheap battery during the 2 years I drove it.

I gave it to my nephew's son for his first car, he had just graduated from high school and I hear just this week it is still riding beautifully. When I gave it to the kid it had 265K miles on it. I changed the oil like clockwork every 3,000 miles at Jiffy Lube. Rotated the tires once and never had a days trouble for two years, drove it all over Cape Cod.

Personally I am not out to impress anyone with a fancy ride. The Camry was a perfect first car for my Nephew's boy. I probably could have sold it for what I bought it for (I was moving back to Costa Rica) but decided to do a good deed and hook up the kid instead. My sister the kid's grandmother is still thanking me as is my nephew her son.

I agree with Doug, these used Toyotas are the way to go.

wil.

 

[harrington]

Zero but it's a 2000 Izuzu Trooper. Runs and looks great thanks to my wife who takes care of it. She knows all the spots to get cars maintained well and fairly cheap here in San Jose.

When I was living on Cape Cod back in 2005 I bought a 93 Toyota Camry Wagon for $1800 (paid cash to guy who had it on internet for sale). The wagon was a dream for an old car, amazing how much stuff you could cram into the back with the two back seats down. I had the front breaks done and bought a cheap battery during the 2 years I drove it.

I gave it to my nephew's son for his first car, he had just graduated from high school and I hear just this week it is still riding beautifully. When I gave it to the kid it had 265K miles on it. I changed the oil like clockwork every 3,000 miles at Jiffy Lube. Rotated the tires once and never had a days trouble for two years, drove it all over Cape Cod.

Personally I am not out to impress anyone with a fancy ride. The Camry was a perfect first car for my Nephew's boy. I probably could have sold it for what I bought it for (I was moving back to Costa Rica) but decided to do a good deed and hook up the kid instead. My sister the kid's grandmother is still thanking me as is my nephew her son.

I agree with Doug, these used Toyotas are the way to go.

wil.

Bought my son a 1996 Camry with 100,000 on it for $4,000 off of my neigbor and put about a grand into it and that was four years ago and the thing runs great. It's got about 165,000 now and still runs like a new car. Amazing.

 

[Doug]

329/month

You guys need to live within your means if you have 600/month car payments

maybe they are ? Perhaps you make 120K a year, and have a car payment at 3.5 % interest, that is $600. I don't. I buy the car, but leasing might work for some people. It's not entirely correct to say a lease is a bad decision, it might be correct for YOU. I'm comfortable with a truck with 110k miles, maybe YOU need a two year old car with under 35k miles to be comfortable ?

My truck isn't exactly a beater, but not new either...no dents or significant rust, some scratches, paid $4800 for it... works for me !

 

[Doug]

Bought my son a 1996 Camry with 100,000 on it for $4,000 off of my neigbor and put about a grand into it and that was four years ago and the thing runs great. It's got about 165,000 now and still runs like a new car. Amazing.

perfect example, should get to 250k ( easily 200k) realistically with normal maintenance.

Like I said... 30k is one new medium priced new car, or a virtual fleet, with a boat tossed in.

 

[JakeT.]

Bought mine outright but a girl I know pays over $600 for her Jeep and insurance. Craziness.

 

[SundayTiger]

Bought a 2003 Fully Loaded Infiniti I35 about 16 months ago for 13k. It had 62k miles on it. Great condition.

I put down 3k, and financed 10k for 48 months

Payments are $240 a month and Insurance is $115 a month. I owe about 7k on it and usually pay about $300 a month on it to pay it off faster. I also put any extra money towards it to pay it off too. I hope to pay it off over the next 24 months. I hope the car can last to 160k.

 

[awmllc2000]

I pay cash every 4 years for a new Ford F150, My wife used to lease a Caddilac every 3 years. That was before she won a Denalli in Vegas over the winter.

 

[hosnatcher]

2004 Tahoe $530 a month + $83 a month for insurance.

Only two payments left though but I want to buy a Camaro or Challenger so I will be stepping in the same shit yet again.

 

[Betallsports]

1 we own outright 1 we pay 272.59 month ... You have HUGE car payment leasing IMO is crazy sir@)

When I knock you out in the Bash Poker Tournament, I'll have my Car payment

 

[Dante]

When I knock you out in the Bash Poker Tournament, I'll have my Car payment

blah blah you have to make it past halftime and you will not...so try again next year ^^ where is the bounty thread big guy ... mr money man make it 50$ bounty not 20

 

[Moneyneversleeps]

$0.00--Both cars paid for.

 

[Doug]

I pay cash every 4 years for a new Ford F150, My wife used to lease a Caddilac every 3 years. That was before she won a Denalli in Vegas over the winter.

I'm the guy that buys it from you for 5k.

 

[Betallsports]

blah blah you have to make it past halftime and you will not...so try again next year ^^ where is the bounty thread big guy ... mr money man make it 50$ bounty not 20

The Bounty Thread will be Posted on Monday (<)<

You're Going Down this Year !!! $*)

 

[Dante]

The Bounty Thread will be Posted on Monday (<)<

You're Going Down this Year !!! $*)

GREAT!! im waiting to see how much ill win again from you this year :toast:

If you make it past halftime ill give my seat up next to Wil at the bash and you can sit there ..now who in there right mind would not take that bet?

 

[awmllc2000]

I'm the guy that buys it from you for 5k.

No, You are the guy that buys from the guy that bought my truck from the auction that the dealership that bought my truck from the guy that bought it from the dealership that i traded in at.

 

[pumpuup]

Last year bought a 2005 Jaguar S type R for $28k.

Finance through local Credit Union payments are $657 a month. Insurance is $98.

 

[Betallsports]

Last year bought a 2005 Jaguar S type R for $28k.

Finance through local Credit Union payments are $657 a month. Insurance is $98.

Isn't this a little High for $28K ?

I guess you put No money down ?

 

[oldirtyku]

You guys need to live within your means if you have 600/month car payments

Not really true...

Let's say you make +150k (8k -9k+ take home a month) and you put 15k down on a 55k car your payment will be over 600.

You would clearly be living within your means. In fact, you could double the payments every month and be done paying the car in 1/2 the time without any issues on your finances.

Not saying it is the smartest way to spend you money but it not something that would kill you.

 

[pumpuup]

Isn't this a little High for $28K ?

I guess you put No money down ?

Yes, I put no money down. This particular car isn't a standard Jaguar S type it boasts a 400 horsepower supercharged engine and sports suspension. It was an excellent deal in March of 2008 when I bought it on ebay but now with the economy the resale value pretty much sucks. Although the car was in mint condition when I bought it and I've kept it in mint condition since I've had it.

 

[5teamparlay]

Zero here, so just pay the liability...


Drive so much ...
I bought a new car it would have 60k on it in 2 years and I'd owe way more than it would be worth.
Too many mile to get a FLEASE either.

Dont get FLEASED.