Car payment

[marcyinPA]

$220/mo...5 year loan...2006 Dodge Caravan. 1 more year to go!

We paid cash for DH's car... it was like 8 years old when we bought it...but low mileage.

 

[Poppinsme]

Lets see. Just bought a Dodge Challenger SRT 2010.

Put quite a bit down and financed the rest for 3 years. $398.25 a month.

Didn't have the whole $45,000.00 in cash. 3 years will go by very quickly and its my dream car.

 

[AKL_Megs]

I pay $300 a month, and I put $6000 down. I don't even have a high interest rate... something like 3%. I drive a MALIBU!

 

[minnie56]

Buick Enclave $880 per month...

 

[Shmily1]

Yes, down payment matters, but it also depends on WHAT you drive. If you are content driving anything with 4 wheels and a seat, then your payments will be cheaper. If you like something more, then you expect to pay more. I have one car that we paid cash for (convertible Sebring), one that I have a $369/mo (Durango), and DS20's Mustang at $375/mo. I did have DD19's Mustang too at $584/mo but she just traded it and got herself a Lincoln MKX in her own name. That doesn't include DH's cars or motorcycles.

 

[Wonders10]

Yes, down payment matters, but it also depends on WHAT you drive. If you are content driving anything with 4 wheels and a seat, then your payments will be cheaper. If you like something more, then you expect to pay more. I have one car that we paid cash for (convertible Sebring), one that I have a $369/mo (Durango), and DS20's Mustang at $375/mo. I did have DD19's Mustang too at $584/mo but she just traded it and got herself a Lincoln MKX in her own name. That doesn't include DH's cars or motorcycles.

Exactly...I'm not necessarily a car snob but I did want a more luxurious feel for my 2nd car after driving a basic car with 4 wheels and 4 doors for 7 years. Even just jumping from the base model of the car I purchased to the top model, was quite a difference in monthly payments and overall cost.