Home Forums Hunting & Shooting Hunter's Campfire Average Car or Truck Payment

I don't do vehicle payments. Don't buy a truck very often. My '09 Tacoma will be 13 years old this coming August 30th. It was paid for when they put my license plates on it. Since then I put money in a 6 month CD at the bank every month. Some months more, some months less, but always transfer money into it monthly. When truck replacement time rolls around I'll be all set. I better be because with a truck that old, which currently has 262K miles on it, ain't gonna get me diddley squat for trade-in value. At least I got my money's worth out of it.

My truck I have now. My note was5 something a month for 5 years. Paid extra every month and did it in 3 years. Same with my wife's car.

0% interest is hard to resist, left the money sit and financed 600.00 per month

We do the 100% down plan.

My favorite line from an athlete ever.

A feeble attempt it was.

0% interest is just a means of raising the cost of the vehicle under the guise of “giving you a free loan”.

That’s a good way to do it.

Marry a CPA and it'll be the only way.

We drive our vehicles for 10+ years though. I've never been big on expensive or flashy, so it works.

I drive 51 and 48 year old cars... And a 99 F-150.

Last 4 vehicles were cash w/ a trade-in.
Wife bought a new 2018 GMC Terrain with a trade-in of her 2012 Chevy Equnox. We never mentioned cash and the salesman said I can knock off another $500 if you use GMC Credit. I said sounds like a good deal, any penalty for early payoff, he said non.
So made one payment then paid it off.
Talk about car depreciation, was looking for a summer fun car to replace my 03 BMW Z4 that I've owned for 17 years, came across a 2010 Jaguar XK Convertible with 50K miles, car was a FL car, owned by an older couple that also used it for pleasure. Perfect maintenance records all done by Jag dealers , car looked new.
Sticker price on it in 2010 was $91,000, they sold it to me for $20,500. Hope to drive this one for the next 10 years, by that time I'm 86.

US too. We have a "one" payment plan.

Bingo. Stuff isn’t hard to figure out, dealership needs to make money. Consumer always does best when cash is paid (in full). But many justify their killer financing deals and feel good about it, little do they know they overpaid, period.

Everyone's budget is different, and most Americans can't just pay cash for a vehicle...therefore they have payments.

I have three vehicles...two are paid for, one is not. I have a 99 tacoma I'll never sell, a Honda civic with 220k that is my commuter, and a newer lexus that I still owe on. It's funny because seems most people I know have no problem dropping 50k+ on a car. Unless you're writing it off through a company expense its retarded. Buy used, let somebody else take the hit.

My 2014 F-150 4wd is paid off and has 65,000 miles on it. My Wife's 2008 Toyota RAV4 has been paid off since 2012 and has 195k on it. It's nice to have zero car payments.

Ron

Dave Ramsey says the average new car loan is $508 a month for 78 months.

He also says that, unless you have over a million dollars in assets you cannot afford a new car.
Dave says that new car loans and student loans are the two quickest ways to financial ruin.

No payments here. Nor planning on buying either. Im gonna fix whatever fails on my trucks.

There is NO such thing as ZERO interest. It's there and you are paying it.

Ex had to have a brand new truck every two years. Lots of money flushed down the toilet...

I've got a 2015 Taco I originally purchased for one of my kids. Think it'll serve me just fine for at least the next decade. I've been wanting to get another vehicle. Something that gets better gas milage... still undecided and figure I'll wait till the end of the year.

People give me schit about my 05 Honda... its paid for and gets almost 40mpg in the summer. Still looks nice and nice interior so I'm keeping it going... if you're going to own older cars, you better own tools though.
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