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Re: Average Car or Truck Payment [Re: andrews1958] #15841535 02/26/21
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Paid my 2018 chevy truck off but it had been $571, hoping not to have another payment for 10 years


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Re: Average Car or Truck Payment [Re: cfran] #15841574 02/26/21
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Originally Posted by cfran
Originally Posted by mirage243
If I can't write a check, we don't buy it.


This. Can’t imagine one good reason to ever finance a depreciating asset, even if it’s 2% or less. Pass cash and be done, if not you can’t afford it.

I get that from a sentiment standpoint but from a financial perspective at 2% interest it’s smarter to keep your money invested and working for you while drawing out those dirt cheap interest payments for as long as you can.

Re: Average Car or Truck Payment [Re: andrews1958] #15841586 02/26/21
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Vehicles are not status symbols. Thankfully so as I drive heeps of junk... LOL


Critical thinking not needed.

Re: Average Car or Truck Payment [Re: andrews1958] #15841590 02/26/21
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My 2019 ram was 39k out the door. Put 2k down and finances the rest at 2.9%....Payment is $560 a month. But I work hard and appreciate nice new truck. Drive the hell out of it.

Last edited by Hiaring8; 02/26/21.
Re: Average Car or Truck Payment [Re: andrews1958] #15841596 02/26/21
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For a few periods in my life I was driving a $5000 car and riding a $10,000 motorcycle.

I'm done with that now.

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Re: Average Car or Truck Payment [Re: Bristoe] #15841603 02/26/21
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Originally Posted by Bristoe
Cars payments disappear once you start exclusively buying Honda or Toyota products. I've got a 10 year old Toyota, a 10 year old Acura and an 11 year old Acura. I'd think nothing of driving any of them across country. I think my last car payment was in 2014. sometimes I ponder buying a newer vehicle, but I can't see how it would improve my life. Besides, I'd have to get rid of something and I like the vehicles I've got.


Same here. I’m not a “car guy” every once in a while I get the itch to price out a new truck but remind myself that it won’t do anything that my current truck doesn’t do and will eat into my lifestyle. I’d rather spend that new truck payment elsewhere. I like to buy American when I can but in my experience Chevy, Ford, and Dodge having nothing on Honda or Toyota. My Toyota truck has been bulletproof. US made vehicles mostly had reliable powertrains but lower trade in value and nickel and dimed me with other smaller but still not cheap problems as they got older.

Re: Average Car or Truck Payment [Re: andrews1958] #15841605 02/26/21
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I will drive old trucks

Re: Average Car or Truck Payment [Re: blanket] #15841621 02/26/21
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Originally Posted by blanket
I will drive old trucks

I like old trucks. Lots of road salt where I live and I use my truck for towing snowmobiles up North, dipping the axle at times in the river putting a boat in, and running two tracks bird hunting. I cringe when I hear brush scrape against the clear coat but a lot less than I would on a new truck.

Re: Average Car or Truck Payment [Re: andrews1958] #15841694 02/26/21
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Wife gets a new car, 0% interest. We pay it off (early). Then I get a new truck, 0% interest. We pay it off (early). Repeat.........

We get to stretch out INTEREST FREE payments, while the money we would have spent "writing a check" is making REAL money.

Simple math.


The DIPCHIT ADD, after a morning of drinking:

You despair, repeatedly, constantly! daily basis?
A despair ninny.
Sack up, despire ninny.

Re: Average Car or Truck Payment [Re: andrews1958] #15841699 02/26/21
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Dealers are more that willing to discuss payment and duration options, as most buyers forget to run the numbers to figure out the actual price. So, just how much of a payment can you afford a month?

When we were poor, our practice was to negotiate a price, and then we would shop for financing. Been debt free for 20+ years, so now we'll write a check.

Last edited by 1minute; 02/26/21.

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Re: Average Car or Truck Payment [Re: andrews1958] #15841725 02/26/21
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I hadn't had a payment since probably 2004. In 2012 I bought a Toyota Tundra, paid cash and figured that would be my retirement vehicle and I'd never need another one. That was until late march 2020, when on a dark NM highway between Farmington and Albuquerque an elk showed up out of nowhere and that plan was down the drain. I replaced it with a 2019 F 150 4 door with a 5.0 and a 10 speed transmission. It was a year old with 13,000 miles so I bought it and paid the difference over what I got from the Toyota. Hopefully this one will be my retirement truck and will never need to buy another one. My wife drives a 2013 Rav 4 that she likes a lot. Paid cash for that as well. No more payments for any reason. I hope.


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ESPECIALLY THE SNIPERS!
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Re: Average Car or Truck Payment [Re: andrews1958] #15841782 02/27/21
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Driving a 21 year old Tacoma I bought new .

Re: Average Car or Truck Payment [Re: andrews1958] #15841873 02/27/21
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Wife and I haven’t had a payment in a few years now. We do however have an account that we put the “car payment” in every month however. That way when the time comes to buy a new one we can just buy it outright.

Re: Average Car or Truck Payment [Re: EdM] #15841878 02/27/21
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Originally Posted by EdM
Originally Posted by slumlord
Aint had one since 1998


1994 here. A new Suburban that used my 65 Corvette as a down payment. Imagine that...


Oof......sick


I can't get up enough to get down like I used to anymore.
Re: Average Car or Truck Payment [Re: blanket] #15841899 02/27/21
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Originally Posted by blanket
I will drive old trucks



I have two Silverados right now. Newest one is a 2006 LBZ. The 2003 has 318K on it and will need to be
replaced. The thought makes me cringe when I look at new and newer truck prices. We'll see if the fuel
prices start to drive the truck prices down.

Re: Average Car or Truck Payment [Re: andrews1958] #15841908 02/27/21
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600.00 to 800.00. Figure 20 dollars per 1000.00 loaned.

Re: Average Car or Truck Payment [Re: andrews1958] #15841933 02/27/21
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Zero down, zero interest for 5 years and only a $1k a month just to pay for something to tote your azz from point A to point B. I always bought a new truck every 3 years so I wouldn't have any problems. Then my 03 powerstroke blowed up, my 06 duramax had bad injectors, my 09 Ford 6.4 had major wiring problems, my 11 Ram had emission problems as did my 13 Ram, but it didn't leave me stranded. I deleted my 13 Ram and will never buy another new vehicle.


Life is good live it while you can.
Re: Average Car or Truck Payment [Re: andrews1958] #15841936 02/27/21
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My new truck is 600.00, got it almost paid for in 2 yrs, helps having no other bills except that, can gang bang it, pay off early.

Re: Average Car or Truck Payment [Re: chesterwy] #15841945 02/27/21
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Originally Posted by chesterwy
Wife and I haven’t had a payment in a few years now. We do however have an account that we put the “car payment” in every month however. That way when the time comes to buy a new one we can just buy it outright.



Yep. Save the note after you pay it off. That’s smart.

Re: Average Car or Truck Payment [Re: andrews1958] #15841960 02/27/21
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no car payments here ever again. just bought the wife a 2019 suv last month. 20,000 check and forget it.i bought new truck back in 2004,payed 3-4 payments and paid it off. i used to do payments on work trucks but don't need that much these days.

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