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Average monthly car payment.

Posted By: Sprung&Rusty

Average monthly car payment. - 05/22/20 10:50 PM

Average in America is about 500 a month they say. Sound right?
Posted By: Bruce T

Re: Average monthly car payment. - 05/22/20 10:55 PM

Mine is zero
Posted By: stinkypete

Re: Average monthly car payment. - 05/22/20 10:59 PM

Mine is zero
Posted By: Wanna Be

Re: Average monthly car payment. - 05/22/20 11:03 PM

For $500 a month people are putting down a serious down payment or not buying new or trucks.
Posted By: Mike Kelly

Re: Average monthly car payment. - 05/22/20 11:05 PM

Originally Posted by Wanna Be
For $500 a month people are putting down a serious down payment or not buying new or trucks.


Or just ballancing out for those of us thay dont have a payement.

$0 a month here.
Posted By: Sprung&Rusty

Re: Average monthly car payment. - 05/22/20 11:08 PM

Originally Posted by Wanna Be
For $500 a month people are putting down a serious down payment or not buying new or trucks.

Trade-ins
Posted By: Michigander

Re: Average monthly car payment. - 05/22/20 11:09 PM

Screw that. The ole '92 runs good and is very cheap and easy to fix.

It is starting to get a bit of rust so I may be searching for a newer one. A southern late '90s chevy 1500 for 5k sounds better than a 60k 2020 that will rust out and be worthless in the same amount of time.
Posted By: Gary Benson

Re: Average monthly car payment. - 05/22/20 11:10 PM

Last one I had was 360/mo with trade-in and down payment. It's paid for now.
Posted By: cmcf

Re: Average monthly car payment. - 05/22/20 11:10 PM

Zero here as well, truck is five months old though.
Posted By: Gary Benson

Re: Average monthly car payment. - 05/22/20 11:11 PM

A guy can spend $80k on a new pickup these days. I'd hate to finance that.
Posted By: Bruce T

Re: Average monthly car payment. - 05/22/20 11:12 PM

Originally Posted by Gary Benson
A guy can spend $80k on a new pickup these days. I'd hate to finance that.

You could buy a house for that money.
Posted By: Wanna Be

Re: Average monthly car payment. - 05/22/20 11:13 PM

I havenít had a truck payment since 2005. Was looking at some new trucks recently, and I donít care what you trade in, payments arenít going to be $500.
Posted By: Ross

Re: Average monthly car payment. - 05/22/20 11:18 PM


Haven't had a car payment in 20 years.

Talked to JC Conner at the Mansfield NTA in 1995 and he told me " I don't owe no man nothing" and that seemed like a good way to live so it's been my goal.
Posted By: CoŲs

Re: Average monthly car payment. - 05/22/20 11:20 PM

I don't know how people survive with the endless list of monthly payments it takes to keep up with the joneses. $0 a month here for autos. We only buy used, and old, with cash.
Posted By: CoŲs

Re: Average monthly car payment. - 05/22/20 11:21 PM

Originally Posted by Michigander
Screw that. The ole '92 runs good and is very cheap and easy to fix.

It is starting to get a bit of rust so I may be searching for a newer one. A southern late '90s chevy 1500 for 5k sounds better than a 60k 2020 that will rust out and be worthless in the same amount of time.


When you find that Chevy keep the underside oiled and she won't rust. Even in MI.
Posted By: Bruce T

Re: Average monthly car payment. - 05/22/20 11:22 PM

Just living expensive here.No house payment either.All paided for.
Posted By: Law Dog

Re: Average monthly car payment. - 05/22/20 11:30 PM

$350 a month new $13,000 down
Posted By: white17

Re: Average monthly car payment. - 05/22/20 11:32 PM

Made my last car payment in 1972. It was probably under 100$. Brand new Chevy 4WD P/U
Posted By: Bruce T

Re: Average monthly car payment. - 05/22/20 11:33 PM

Made my last truck payment 4 years ago paying off my 6 year loan 3 years ahead of time.
Posted By: cmcf

Re: Average monthly car payment. - 05/22/20 11:40 PM

WTG Bruce T According to the money guy on the radio your on your way to being a millionaire!!
Dave Ramsey is the guys name.
Wish I had heard of him when I was twenty.
Posted By: walleye101

Re: Average monthly car payment. - 05/22/20 11:50 PM

The last new vehicle I purchased was a 1979 Jeep Cherokee, paid cash with a fur check. I buy used now.
Posted By: Wanna Be

Re: Average monthly car payment. - 05/22/20 11:53 PM

Originally Posted by Ross

Haven't had a car payment in 20 years.

Talked to JC Conner at the Mansfield NTA in 1995 and he told me " I don't owe no man nothing" and that seemed like a good way to live so it's been my goal.

Everyone owes, lol. Taxes are their for life and death!
Posted By: lumberjack391

Re: Average monthly car payment. - 05/23/20 12:01 AM

A retired truck driver I know always had a new pick up truck. I asked him what it cost he said he had no idea, he trades in every x years and tells them he will take it if the payment is not over 500. I can not justify the price they want if something is not making me money. And I couldn't see getting a new one and beating the crap out of it even if it is making me money. I had payments on a new one once and will never do it again. I pay cash up front and roll the dice. My son in law is a mechanic so I have that going for me.
Posted By: Bruce T

Re: Average monthly car payment. - 05/23/20 12:10 AM

Originally Posted by Wanna Be
Originally Posted by Ross

Haven't had a car payment in 20 years.

Talked to JC Conner at the Mansfield NTA in 1995 and he told me " I don't owe no man nothing" and that seemed like a good way to live so it's been my goal.

Everyone owes, lol. Taxes are their for life and death!

Yep I pay my $150.00 taxes faithfully every year.
Posted By: EdP

Re: Average monthly car payment. - 05/23/20 12:14 AM

Have not had a car payment since 1982. Bought a brand new Ford Bronco in `86 and paid cash, and have paid cash for every vehicle ever since. Save ahead, pay cash, and put the interest money in your own pocket.
Posted By: GREENCOUNTYPETE

Re: Average monthly car payment. - 05/23/20 12:36 AM

500 is my house payment own all my trucks outright
Posted By: Boco

Re: Average monthly car payment. - 05/23/20 12:48 AM

Bought brand new vehicles almost all my life-only payment I ever made was to myself.
Posted By: Swamp Wolf

Re: Average monthly car payment. - 05/23/20 12:52 AM

Unless you have $$ or someone gave you $$...you ain't never gonna have nuthin worth a crap unless you're in debt.
Posted By: Bruce T

Re: Average monthly car payment. - 05/23/20 12:54 AM

Originally Posted by Swamp Wolf
Unless you have $$ or someone gave you $$...you ain't never gonna have nuthin worth a crap unless you're in debt.

Not true..Own my own place.Pay low taxes.Own everything I need to hunt,trap,and fish as I please.What more could I want?I'm not in debt.
Posted By: cmcf

Re: Average monthly car payment. - 05/23/20 01:07 AM

Iíll second that Bruce. But you may have to work hard for it. Ugh oh I think I just said a cuss word whistle
Posted By: tomahawker

Re: Average monthly car payment. - 05/23/20 01:38 AM

Never had a vehicle payment.
Posted By: WadeRyan

Re: Average monthly car payment. - 05/23/20 01:46 AM

I don't drive something I can't pay for in cash. I don't look near as cool as some people but I don't care.
Posted By: cat daddy

Re: Average monthly car payment. - 05/23/20 01:47 AM

Payments are for chumps......Dave Ramsey
Posted By: trapdog1

Re: Average monthly car payment. - 05/23/20 01:51 AM

I buy a new truck every 10-12 years. Never payed more than $400 a month, but always put down a substantial down payment and always buy plain jane trucks.
What I can't understand is why people buy $70,000+ vehicles.
Posted By: midlander

Re: Average monthly car payment. - 05/23/20 01:53 AM

Originally Posted by Swamp Wolf
Unless you have $$ or someone gave you $$...you ain't never gonna have nuthin worth a crap unless you're in debt.


You are joking, right...?
Posted By: Swamp Wolf

Re: Average monthly car payment. - 05/23/20 02:00 AM

Originally Posted by midlander
Originally Posted by Swamp Wolf
Unless you have $$ or someone gave you $$...you ain't never gonna have nuthin worth a crap unless you're in debt.


You are joking, right...?

Nope no joke. You either had money to start out with, if not you lived on someone else until you saved $$ or someone gave you money...you were an heir. Or maybe you won the lottery.

Debt is how most of got started and for a poor man debt is how you get started...

I guess you could be living in a shack and driving that truck you bought in 1970.

Btw...my home is paid for. Still have 1 vehicle payment...bought a new 2016 Tundra 4x4...and my Honda 700 side by side. Other than that utilities. But I'm pushing 56 years old. Family dont have no $$ so no heir here. Everything I have I worked and paid for...mostly monthly....raised 2 kids that are grown now....pay check to pay check...got 3 or 4 more years and I'm retired....will have 30 years service and a decent pension...but I had no nest egg or help when i started a family at 20 years old....did thanks to loans.

Got good credit, low interest rates.

Posted By: Boco

Re: Average monthly car payment. - 05/23/20 02:09 AM

I started working young and I lived in the bush,in a cabin in winter and worked as a forman on the RR extra gangs in summer where board was provided and money was great.I was single and banked almost every cent I earned for a few years,after that it was easy going,never looked back and never had debt,except for a mortgage for 11 years when I bought the house when the kids started school in town.
I had a great downpayment (over half)and the mortgage payments were low and short term.Still had plenty of money to put away.
Also made a lot of money off fur back in the day.
I always made way more money than I ever needed to live,and I live pretty good.Never did without anything all my life.
Its called work ethic.
Posted By: Bruce T

Re: Average monthly car payment. - 05/23/20 02:14 AM

Everything I have I have worked for since I was a kid.No free rides here..Learned early on that if you wanted something you worked for it.
Posted By: Swamp Wolf

Re: Average monthly car payment. - 05/23/20 02:16 AM

I didnt have a wife that would live in the "bush" when I first got married...to the first wife. I'm on #2 now... and even though she grew up in the swamps of south Ga she dont want to live in one now....I would but not her.

I've also never rented a home. Bought my first, second, and last home...you guessed it....by mortgage...ie. monthly debt. A man's got to live somewhere when he's "working for everything he's got."

Also got to have a dependable vehicle to get to that job while "working for everything." Again...debt..
Posted By: Sprung&Rusty

Re: Average monthly car payment. - 05/23/20 02:17 AM

Originally Posted by trapdog1
I buy a new truck every 10-12 years. Never payed more than $400 a month, but always put down a substantial down payment and always buy plain jane trucks.
What I can't understand is why people buy $70,000+ vehicles.


Lol, I think 30,000 is rudiculous for a truck.
Posted By: Boco

Re: Average monthly car payment. - 05/23/20 02:24 AM

Swampwolf,just cause you couldnt do it doesnt mean others didnt figure it out.
Posted By: Swamp Wolf

Re: Average monthly car payment. - 05/23/20 02:30 AM

Originally Posted by Boco
Swampwolf,just cause you couldnt do it doesnt mean others didnt figure it out.

I figured it out. And I'm being honest about this. Plus it all goes back to what a man wants and what he wants to provide for his family. If a man dont want much then he dont need much to get it.
Posted By: midlander

Re: Average monthly car payment. - 05/23/20 02:30 AM

Nope, didnt have money, didnt inherit money, didnt have anyone give me money and didnt live off someone else's teat. I went to work at a young age and was taught strong work ethic. Just as important, I live beneath my means which allows a person to save and invest. Ive never had cable tv and many of the other things that young people often wastte their money on. I had car loans early on before i wised up, im not perfect by any means. But I sure as heck am not sheep enough to get brainwashed by financial institutions into thinking you 'have to go into debt' Being in debt is normal, I choose not to be normal. It aint easy, but it can be done with some effort. Swamp, not trying to degrade you or your opinion, but you are wrong.
Posted By: Swamp Wolf

Re: Average monthly car payment. - 05/23/20 02:34 AM

Originally Posted by midlander
Nope, didnt have money, didnt inherit money, didnt have anyone give me money and didnt live off someone else's teat. I went to work at a young age and was taught strong work ethic. Just as important, I live beneath my means which allows a person to save and invest. Ive never had cable tv and many of the other things that young people often wastte their money on. I had car loans early on before i wised up, im not perfect by any means. But I sure as heck am not sheep enough to get brainwashed by financial institutions into thinking you 'have to go into debt' Being in debt is normal, I choose not to be normal. It aint easy, but it can be done with some effort. Swamp, not trying to degrade you or your opinion, but you are wrong.

Not degrading you either but where did you live while you were saving up. If you had your own place and were not at home with your parents then you are an exception and good for you. You should be proud of your accomplishments.

But you have access to the wasteful internet....

I agree debt is normal....
Posted By: midlander

Re: Average monthly car payment. - 05/23/20 02:54 AM

Bought my first house on a 15 yr fixed loan (again, before I wised up). House cost less than the trucks folks are talking about. Socked all my extra cash into extra payments and had it paid in 21/2 years. By freeing up that mortgage early, it allowed us to save, invest and start getting ahead. It was a real eye opener and I realized early how debt could drag you down. Sorry if I came off a little strong, I think I took a liitle too much offense to being pigeon-holed as someone who had not earned what I had. Guess I need thicker skin Lol
Posted By: Boco

Re: Average monthly car payment. - 05/23/20 03:08 AM

Originally Posted by Swamp Wolf
Originally Posted by Boco
Swampwolf,just cause you couldnt do it doesnt mean others didnt figure it out.

I figured it out. And I'm being honest about this. Plus it all goes back to what a man wants and what he wants to provide for his family. If a man dont want much then he dont need much to get it.

Not sure what you are trying to imply by that statement,but if you are implying I didnt have much you'd be dead wrong.i was well off when I got married and started a family because I didnt want to be scrimping under debt and not be able to provide everything for them.
At this point in my life I have too much and will soon buy my kids each a new home.
And they are both responsible hard working adults and I know they will benefit from it.
Posted By: Swamp Wolf

Re: Average monthly car payment. - 05/23/20 03:09 AM

Originally Posted by midlander
Bought my first house on a 15 yr fixed loan (again, before I wised up). House cost less than the trucks folks are talking about. Socked all my extra cash into extra payments and had it paid in 21/2 years. By freeing up that mortgage early, it allowed us to save, invest and start getting ahead. It was a real eye opener and I realized early how debt could drag you down. Sorry if I came off a little strong, I think I took a liitle too much offense to being pigeon-holed as someone who had not earned what I had. Guess I need thicker skin Lol

Good for you. What you did is outstanding. My point was that just about everyone starts out in debt, unless they have other means or help. You did too, you just got out of it quicker than most. Most people continue in debt to acquire better vehicles, land, etc as they progress thru life.

Hope you are not flooded in Midland...been seeing that in the news. Take care.
Posted By: Swamp Wolf

Re: Average monthly car payment. - 05/23/20 03:15 AM

I figured it out. And I'm being honest about this. Plus it all goes back to what a man wants and what he wants to provide for his family. If a man dont want much then he dont need much to get it.

[/quote]
Not sure what you are trying to imply by that statement,but if you are implying I didnt have much you'd be dead wrong.
At this point in my life I have too much and will soon buy my kids each a new home.
And they are both responsible hard working adults and I know they will benefit from it.[/quote]


Not implying anything about you Boco, but people that state that have never been in debt or utilized loans are likely not being 100% honest in this thread about their start and their means in building their own life.

Posted By: Crit-R-Dun

Re: Average monthly car payment. - 05/23/20 03:18 AM

Bought a new car today for the better half. With the company loyalty discount of 1% the interest rate worked out to a wopping .89% for 60 months. Zero down made the only sense, who in their right mind would buy a car with their own money?
Posted By: Swamp Wolf

Re: Average monthly car payment. - 05/23/20 03:20 AM

Originally Posted by Crit-R-Dun
Bought a new car today for the better half. With the company loyalty discount of 1% the interest rate worked out to a wopping .89% for 60 months. Zero down made the only sense, who in their right mind would buy a car with their own money?

Awesome!
Posted By: Boco

Re: Average monthly car payment. - 05/23/20 03:35 AM

Originally Posted by Crit-R-Dun
Bought a new car today for the better half. With the company loyalty discount of 1% the interest rate worked out to a wopping .89% for 60 months. Zero down made the only sense, who in their right mind would buy a car with their own money?

Too bad you didnt read the fine print where they hide the "cost of borrowing" at zero percent,lol.
Works out to around 10 percent.
Your money ahead borrowing from the bank at 5or6 percent than financing thru the car company at 0%.
Posted By: Boco

Re: Average monthly car payment. - 05/23/20 03:43 AM

Another thing-never trade in a vehicle at a dealership.
Spend a few bucks to get the old one professionally cleaned and detailed and it will sell privately for 3 times the trade in offer.
Posted By: Crit-R-Dun

Re: Average monthly car payment. - 05/23/20 04:00 AM

Originally Posted by Boco
Originally Posted by Crit-R-Dun
Bought a new car today for the better half. With the company loyalty discount of 1% the interest rate worked out to a wopping .89% for 60 months. Zero down made the only sense, who in their right mind would buy a car with their own money?

Too bad you didnt read the fine print where they hide the "cost of borrowing" at zero percent,lol.
Works out to around 10 percent.
Your money ahead borrowing from the bank at 5or6 percent than financing thru the car company at 0%.


Major manufacturer dealerships don't finance vehicles at least the imports I've bought in recent years or guided my young adult kids to buy , their loan officers act as brokers between buyers and banks or major lending institutions. My own bank who I've been with my entire life and have an excellent credit rating with acknowledged they couldn't match what the dealership can offer because of the volume of business they bring to the major banks. When I can negotiate a price somewhere lower then the MSRP with the dealer cost disclosed and walk away with a purchase financed at .89% I'm pretty satisfied with my purchase.
Posted By: KeithC

Re: Average monthly car payment. - 05/23/20 04:10 AM

We have 2 Ford Rangers, 1 Ford F250 and a Pacifica all of which we bought from the owners used. I am thinking about financing a compact Kubota tractor with belly motor, loader and tiller.

Keith
Posted By: Prn

Re: Average monthly car payment. - 05/23/20 04:18 AM

Cash is king, if I cant pay cash for it I dont need it.
Posted By: newtoga

Re: Average monthly car payment. - 05/23/20 04:55 AM

Zero here.
Posted By: Bruce T

Re: Average monthly car payment. - 05/23/20 09:22 AM

By the time I turned 19 when I graduated from high school had enough money saved up to buy some land and a small house.
Posted By: Crit-R-Dun

Re: Average monthly car payment. - 05/23/20 11:32 AM

Self starters who become wealthy have done so because they have embraced and have no fear of debt.
Posted By: pcr2

Re: Average monthly car payment. - 05/23/20 11:34 AM

Originally Posted by Prn
Cash is king, if I cant pay cash for it I dont need it.

same here
Posted By: ol' dad

Re: Average monthly car payment. - 05/23/20 12:08 PM

I will borrow money all day long when it makes me money. If properly managed, a person who borrows money will make more money faster than a person who doesn't. That's assuming both start from $0. If you don't have a hammer you can't drive a nail.

Ol' dad
Posted By: loosegoose

Re: Average monthly car payment. - 05/23/20 12:17 PM

Zero dollar monthly payments here. My preferred method is to buy a beater that needs a bunch of work, and get it super cheap. I put in a few hundred dollars worth of parts in it, and I've got a vehicle with zero issues (except being ugly) that I know will run and drive without fail, for a total cost of a couple thousand dollars. I like having a vehicle that I don't have to worry about, that I can just hop in and start it up and go, but don't want to spend a bunch, so it's easiest for me to just fix up beaters.
Posted By: 330-Trapper

Re: Average monthly car payment. - 05/23/20 12:40 PM

Originally Posted by Wanna Be
I havenít had a truck payment since 2005. Was looking at some new trucks recently, and I donít care what you trade in, payments arenít going to be $500.

Truth
Posted By: Feedinggrounds

Re: Average monthly car payment. - 05/23/20 12:40 PM

Originally Posted by midlander
Nope, didnt have money, didnt inherit money, didnt have anyone give me money and didnt live off someone else's teat. I went to work at a young age and was taught strong work ethic. Just as important, I live beneath my means which allows a person to save and invest. Ive never had cable tv and many of the other things that young people often wastte their money on. I had car loans early on before i wised up, im not perfect by any means. But I sure as heck am not sheep enough to get brainwashed by financial institutions into thinking you 'have to go into debt' Being in debt is normal, I choose not to be normal. It aint easy, but it can be done with some effort. Swamp, not trying to degrade you or your opinion, but you are wrong.

I play the same tune, Zero debt, lots of paid for land. A hunting cabin on 145 acres with trout river, 5 acre lakefront home with guest cabin. The wife and I had 2 kids before 19 years old. We work hard, grab every rung on the ladder of life. High school education. Played every angle to make legal $$, buy fix and sell cars, firewood, mechanic work after hours, yard work, tree work, sold hand loaded pulp wood. You name it. Now at 57 wife and I have great jobs and no debt. new pretty truck for Sundays and company paid truck and fuel for my job managing a treated fencepost mill. I apologize to nobody for my sore hands and worn back.
Posted By: Gene Dziza

Re: Average monthly car payment. - 05/23/20 01:01 PM

Originally Posted by Crit-R-Dun
Self starters who become wealthy have done so because they have embraced and have no fear of debt.


Thanks Crit-R-Dun! That's true in so many cases. We all have different paths. I've made a lot of money by taking on loans. I've taken on some doozies but I believed in my investments. Leverage can be a beautiful thing. I don't mind vehicle loans as a business expense either. However, I hope I never succumb to spending 70K on a new diesel pickup.

But a young person, looking at a first home; my advice is to make sure it is a good investment and you can pretty comfortably make the payment, and go ahead and get a loan! Especially with rates where they are. I can't advise against buying a nice rental property, if you can find one, at sub 4% either. Heck, use your cash and loans to buy two!
Posted By: huntcook

Re: Average monthly car payment. - 05/23/20 01:03 PM

My 2018 Ford F150 listed for more than my house I had built in1973 and two of my farms I have now, The wife and me set down and figure the cost of something and if we have month left over at the end of the money we don't need it. My first car was a new 1965 Mustang that I paid $1995 out the door wish I had it back.
Posted By: 653

Re: Average monthly car payment. - 05/23/20 02:50 PM

never had a dime from parents and gratefull for it! debt made me a lot of money and can be a good thing if used wisely..tithe and you cant out give the Lord!!
Posted By: Moosetrot

Re: Average monthly car payment. - 05/23/20 03:05 PM

Have not made a car payment in well over a decade. We save a little cash here and there and when one needs to go, or a super deal comes up, we pay cash. My current, and favorite vehicle of all time is a 2001 Suburban I bought in 2014. Paid right around $4,000 cash for it in beautiful shape and low miles. It now has around 240,000 on it and still running strong and good. Few minor repairs but that's it. If anything major happens, out it will go and I will pick up another one just like it...cash.

"I live within my means even if I have to borrow to do it." is not our motto.

Moosetrot
Posted By: trapdog1

Re: Average monthly car payment. - 05/23/20 04:16 PM

Paying cash for everything is wise, but not always fesabile for everyone. Debt is a tool to use with care.
Posted By: beartooth trapr

Re: Average monthly car payment. - 05/23/20 05:20 PM

Wife and i try to only have one car payment at a time. We buy Hertz rental cars for cars, 20-30k on them. And i buy new pickups or order them in as work trucks and run them out 10 years.
Keep a savings account also and use it for money down and new accessories.
Hard to find a bear bones work truck any more, my next one if all work's out will be a 1969 chevy 4wd 3/4 and researching now to put a Cummins diesel in it . [Linked Image]
Posted By: stinkypete

Re: Average monthly car payment. - 05/23/20 06:05 PM

Wow all this chatter over a average monthly vehicle payment. Each to there owners I say. I bought my first new vehicle in 1994. 12000.00 at the time. I had a trade in and some cash. I refuse to pay over $25000.00 for a vehicle. My trucks are work trucks. The bed gets beat to heck. I will get 300,000 out of my truck before I buy another. The bottom line is this. Some people are just smarter than others. I owne a 2008 Chevy Silverado. 140000. Just broke in. Make payments. Buy outright. Whatever works for you. I learned a lot from an old Mink rancher. He made a lot of money in the late 70s. Worked hard for every dime. Invested his money wisely. Worked and lived like he did when he was young. Looking at him and his car you would never known he had enough money to choke a horse. In his later years he would dig in the grocery chain dumpsters and dig out the boxed and canned goods the store thru out because the date expired. Can't do that now. His kids would give him a hard time about it. They where embarrassed. The rancher told me there is no shame in hard work and being frogle That is the problem with our society. Keep up with the Jones. We need we need. Again do what works for you. As for me I got a dumpster to dig thru.
Posted By: ky_coyote_hunter

Re: Average monthly car payment. - 05/23/20 06:16 PM

Originally Posted by stinkypete
Wow all this chatter over a average monthly vehicle payment. Each to there owners I say. I bought my first new vehicle in 1994. 12000.00 at the time. I had a trade in and some cash. I refuse to pay over $25000.00 for a vehicle. My trucks are work trucks. The bed gets beat to heck. I will get 300,000 out of my truck before I buy another. The bottom line is this. Some people are just smarter than others. I owne a 2008 Chevy Silverado. 140000. Just broke in. Make payments. Buy outright. Whatever works for you. I learned a lot from an old Mink rancher. He made a lot of money in the late 70s. Worked hard for every dime. Invested his money wisely. Worked and lived like he did when he was young. Looking at him and his car you would never known he had enough money to choke a horse. In his later years he would dig in the grocery chain dumpsters and dig out the boxed and canned goods the store thru out because the date expired. Can't do that now. His kids would give him a hard time about it. They where embarrassed. The rancher told me there is no shame in hard work and being frogle That is the problem with our society. Keep up with the Jones. We need we need. Again do what works for you. As for me I got a dumpster to dig thru.


There is no way in God's green earth that we will ever keep up with Matt Jones grin
Posted By: ebsurveyor

Re: Average monthly car payment. - 05/23/20 06:26 PM

Originally Posted by 330-Trapper
Originally Posted by Wanna Be
I havenít had a truck payment since 2005. Was looking at some new trucks recently, and I donít care what you trade in, payments arenít going to be $500.

Truth



Not true, well might be true with fords, dodges or toyotas. Seventeen months ago I traded my 2016 suburban and my 2017 silverado (had payments on both) for a new 2018 silverado. The dealer wrote me a check for the difference. So
I went from $1000 a month payments to $0.00 a month. Car payments are for the birds.
Posted By: trapdog1

Re: Average monthly car payment. - 05/23/20 07:43 PM

Originally Posted by stinkypete
Wow all this chatter over a average monthly vehicle payment. Each to there owners I say. I bought my first new vehicle in 1994. 12000.00 at the time. I had a trade in and some cash. I refuse to pay over $25000.00 for a vehicle. My trucks are work trucks. The bed gets beat to heck. I will get 300,000 out of my truck before I buy another. The bottom line is this. Some people are just smarter than others. I owne a 2008 Chevy Silverado. 140000. Just broke in. Make payments. Buy outright. Whatever works for you. I learned a lot from an old Mink rancher. He made a lot of money in the late 70s. Worked hard for every dime. Invested his money wisely. Worked and lived like he did when he was young. Looking at him and his car you would never known he had enough money to choke a horse. In his later years he would dig in the grocery chain dumpsters and dig out the boxed and canned goods the store thru out because the date expired. Can't do that now. His kids would give him a hard time about it. They where embarrassed. The rancher told me there is no shame in hard work and being frogle That is the problem with our society. Keep up with the Jones. We need we need. Again do what works for you. As for me I got a dumpster to dig thru.


Being frugal is good, but digging through dumpsters for expired food is beyond frugal.
Posted By: Law Dog

Re: Average monthly car payment. - 05/23/20 07:50 PM

How many people answered the OPís original question? LOL
Posted By: Mike C

Re: Average monthly car payment. - 05/23/20 11:56 PM

When I graduated from High School I bought a brand new 1977 Z28 fully loaded and by Dad thought I was nuts because my car payment was as much as his first house payment; $157/month. Now these current car payments are as much or more than my first house payment.
Posted By: midlander

Re: Average monthly car payment. - 05/24/20 12:24 AM

Originally Posted by Law Dog
How many people answered the OPís original question? LOL

If we had done that, the thread would have been done in less than one page....how much fun would that be..? Lol
Posted By: Pasadena

Re: Average monthly car payment. - 05/24/20 12:31 AM

Mine was $634, but as of yesterday it will now be $0
Posted By: DelawareRob

Re: Average monthly car payment. - 05/24/20 01:01 AM

Originally Posted by Law Dog
How many people answered the OPís original question? LOL


You know dang well that isnít how it is done here! laugh

Half the people here blame the liberal media ( which may be true) or traps made where they think they should or shouldnít be made, and a few that are made where they donít think they are made. Then tell them what they should be asking, instead of answering the question. Or Dave asking a question and getting great or middle of the road advice, but because he doesnít like the answer he asks again until he hears what he wants to hear. Like the kid asking about bridgers and someone saying he should get MBís. Well dang he bought Bridger dogless and wanted to know if he bought good traps. He didnít ask what trap he should have bought.... geez.

Blue bucket set with 1 1/2 dukes will catch and hold everything! Fight me!!!


Oh, and people with pet skunks are great and are the pioneer of the social distancing pet!


FYI, I wouldnít change it one bit!!! grin


Posted By: DelawareRob

Re: Average monthly car payment. - 05/24/20 01:05 AM

Originally Posted by Sprung&Rusty
Average in America is about 500 a month they say. Sound right?


Sounds about right
Posted By: JEckman

Re: Average monthly car payment. - 05/24/20 01:20 AM

2018 ram 1500.. S400 for 48.. I'm paying roughly 700..
Posted By: trapdog1

Re: Average monthly car payment. - 05/24/20 01:43 AM

Originally Posted by Mike C
When I graduated from High School I bought a brand new 1977 Z28 fully loaded and by Dad thought I was nuts because my car payment was as much as his first house payment; $157/month. Now these current car payments are as much or more than my first house payment.


Bet you wish you still had that one...
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