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What is a normal monthly car payment?

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Eunyboo
<3

Member since 7/12

4376 total posts

Name:
E

Re: What is a normal monthly car payment?

Posted by sometimesmommy

Audi A4 $360 per month 2500.00 down financed.



New?

Posted 4/19/17 3:21 PM
 
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bunnyluck
LIF Adult

Member since 1/14

3196 total posts

Name:

What is a normal monthly car payment?

We pay 365 for Jeep Grand Cherokee Limited lease..no money down.

385 for a Rav 4 limited, sign and drive.

Sick of having two car payments so we are buying out the Jeep and with no money down the payment would be $370 but will likely pay it in full come year end.

Normal for us is between 300 and 400. I don't think I can stomach paying over 400. I hate that I can't find something that meets my needs for less. Between cars, insurance and LIRR our transportation expense is seriously disgusting!!!!!

Posted 4/19/17 3:24 PM
 

Mariabella
LIF Adult

Member since 4/10

951 total posts

Name:
Mama

Re: What is a normal monthly car payment?

$595 BMW 535 $5k down-lease

Message edited 4/19/2017 3:39:05 PM.

Posted 4/19/17 3:38 PM
 

Paramount
Sweet!

Member since 7/12

4287 total posts

Name:

Re: What is a normal monthly car payment?

My Q5 was $750 in 2012

My Honda was $300 in 1997.

My income went up. Yes $750 is outrageous , but its the car I wanted and could afford.

I think a "normal" payment for a "regular car" (Ford, Honda, Toyota etc) is about $350.

I think most cars that are "affordable" cost in the $18,000 to $28,000 range.

My car was $50K. After the down payment It was $42 I think.

Its ALL about how much is financed and what you can afford.

Posted 4/19/17 4:50 PM
 

muffaboo
LIF Adult

Member since 12/10

3797 total posts

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Re: What is a normal monthly car payment?

We have two cars. One that we paid cash and own outright and the other is a lease ($425/mo).

Posted 4/19/17 7:52 PM
 

sometimesmommy
Always in my heart.....

Member since 11/06

6686 total posts

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Re: What is a normal monthly car payment?

Posted by Eunyboo

Posted by sometimesmommy

Audi A4 $360 per month 2500.00 down financed.



New?


No. Certified preowned 2015.

Posted 4/19/17 9:22 PM
 

Tah-wee-ZAH
Kisses

Member since 5/05

15952 total posts

Name:

Re: What is a normal monthly car payment?

No such thing.

Monthly payment means nothing... you can have a lower payment but ultimately pay much more for the car in the long run.

I don't finance cars.
I make a "car payment" to myself every month in a safe but higher interest account.
After several years, I have the cash to buy another car.

My last car was 12 years old when I turned it in this past fall. Accounting for all expenses over the lifetime of the car (including gas), it costs me less than $300 a month.

Posted 4/19/17 9:45 PM
 

2BadSoSad
LIF Adult

Member since 8/12

6791 total posts

Name:

Re: What is a normal monthly car payment?

Its all relative, we have a fully loaded Explorer Lease and its $500/mo (0 down) . However, my DH just has a daily driver for to and from work. Its a Hyundai we bought out after the lease and we only pay like $200/mo for the loan on that one.

Message edited 4/19/2017 10:32:19 PM.

Posted 4/19/17 10:30 PM
 

LuckyStar
LIF Adult

Member since 7/14

7271 total posts

Name:

What is a normal monthly car payment?

Ours are $450 and $310.

I don't see how there could be a "normal." You're going to pay less for a hyundai accent than you will for mercedes.

Posted 4/19/17 10:35 PM
 

Chatham-Chick
*********************

Member since 5/05

10311 total posts

Name:

Re: What is a normal monthly car payment?

Leases, no money down:

2015 GMC Yukon XL Denali $1080
2013 Toyota Sequoia $695 (I think it's a 2013 and it's the cheapest model)

Posted 4/20/17 2:24 PM
 

MrsT809
LIF Adult

Member since 9/09

12167 total posts

Name:

What is a normal monthly car payment?

I'm floored by these numbers but I'm a cheapskate.

I traded in my civic hybrid for a caravan so after the trade in I pay $195/month with no interest on a 5yr loan.

DH paid under $100/month on his patriot but he paid about $6k in a balloon payment at the end.

Posted 4/20/17 2:30 PM
 

ChilisWife
God Bless America

Member since 5/05

3570 total posts

Name:
A.K.

Re: What is a normal monthly car payment?

There is no way to answer this question because even if you assume everyone is driving a similar make/model of car, everyone also puts down different amounts of a down payment which makes all the difference.

My car payment is $450 on my lease because I put $0 down and didn't pay taxes up front. However my payment could have easily been $300 if I put a few thousand dollars down (NEVER do that in a lease!)

Posted 4/20/17 8:23 PM
 

aliwnec10
mom of 3 boys

Member since 4/06

11426 total posts

Name:
Ali

Re: What is a normal monthly car payment?

I pay $500 for a Dodge Durango that we bought in 2014.

Posted 4/20/17 8:38 PM
 

jaykaylol
LIF Infant

Member since 6/16

170 total posts

Name:

Re: What is a normal monthly car payment?

Posted by MrsT809

I'm floored by these numbers but I'm a cheapskate.

I traded in my civic hybrid for a caravan so after the trade in I pay $195/month with no interest on a 5yr loan.

DH paid under $100/month on his patriot but he paid about $6k in a balloon payment at the end.



agreed! i have a 2012 elantra that i put 5k down on, payment was $282 a month. plan to drive it as long as possible. dhs elantra is 182 for a 2015 lease.

we will need a new car next year, will have to keep it around or under 300 again. i guess that what happens when you're paying over 2k to student loans every month!

Posted 4/20/17 11:17 PM
 

NervousNell
Just another chapter in life..

Member since 11/09

54915 total posts

Name:
..being a mommy and being a wife!

Re: What is a normal monthly car payment?

Posted by jaykaylol

Posted by MrsT809

I'm floored by these numbers but I'm a cheapskate.

I traded in my civic hybrid for a caravan so after the trade in I pay $195/month with no interest on a 5yr loan.

DH paid under $100/month on his patriot but he paid about $6k in a balloon payment at the end.



agreed! i have a 2012 elantra that i put 5k down on, payment was $282 a month. plan to drive it as long as possible. dhs elantra is 182 for a 2015 lease.

we will need a new car next year, will have to keep it around or under 300 again. i guess that what happens when you're paying over 2k to student loans every month!



I haven't had a car loan in awhile (my car is a 2006) but when I bought my car new it had every bell and whistle for the time and I put about $10k down and got a great interest rate from my credit union on a 5 year loan. I think I paid about $250 a month. Times sure have changed !

Posted 4/20/17 11:36 PM
 

EclecticEsq10810
Bored Esq.

Member since 10/10

2156 total posts

Name:
L.

Re: What is a normal monthly car payment?

We don't have any car payments. DH has never bought a new car because he is in the camp that cars are a money sucking venture (and I agree, I don't see cars as status symbols- they get me from point A to point B and I don't have clients to impress). I drive a 2012 Civic EXL that I bought (financed at .9% APR) with 50% down and my monthly payment was $250/month. I paid off the remainder of the loan a year later (total cost was around 24K) and my balance was $13K. My initial finance term was 3 years but I hate carrying monthly payments. I follow Suze Ormans advice that one shouldn't finance or lease for more than 3 years.

I plan to upgrade to an SUV this year or next but will be looking at certified pre owned or at older models. I refuse to lease because I hate to be limited in mileage use or worrying about dents/scratches. I don't want a high monthly payment so if I finance I plan to keep it at $300/month or less.

Message edited 4/21/2017 4:46:54 AM.

Posted 4/21/17 4:44 AM
 

Diane
Hope is Contagious....catch it

Member since 5/05

30680 total posts

Name:
D

Re: What is a normal monthly car payment?

I have an Audi Q5.....we financed for 5.5 years. I pay $588

We looked at what payment we were comfortable paying each month. Then they work the price of the car around your monthly payments.

Message edited 4/21/2017 8:07:05 AM.

Posted 4/21/17 8:06 AM
 

Paramount
Sweet!

Member since 7/12

4287 total posts

Name:

Re: What is a normal monthly car payment?

Posted by Diane

I have an Audi Q5.....we financed for 5.5 years. I pay $588

We looked at what payment we were comfortable paying each month. Then they work the price of the car around your monthly payments.



Mine was $750 a month. I got some upgrades and got financing through Audi. After trade in and down payment I financed about $42K on a $50K car. 5 years.

It all depends on down payment, package etc etc.

Posted 4/21/17 9:12 AM
 

ElizaRags35
My 2 Girls

Member since 2/09

20494 total posts

Name:
Me

What is a normal monthly car payment?

I lease a Chevy volt for $329/m (15k miles, 0 down)

I financed a Honda CR-V EX-L for $450/m (traded in a car that we still owed a lot of money on so we paid the difference off so technically we put $0 down)

Posted 4/24/17 12:31 AM
 

MrsM429
Mama x2 <3

Member since 12/10

4946 total posts

Name:

Re: What is a normal monthly car payment?

I pay $310 a month with $0 down and a trade in value of $2,700 ('04 jeep with low miles) for my '14 Kia Soul

Message edited 4/24/2017 2:50:56 AM.

Posted 4/24/17 2:49 AM
 

Diane
Hope is Contagious....catch it

Member since 5/05

30680 total posts

Name:
D

Re: What is a normal monthly car payment?

Posted by Paramount

Posted by Diane

I have an Audi Q5.....we financed for 5.5 years. I pay $588

We looked at what payment we were comfortable paying each month. Then they work the price of the car around your monthly payments.



Mine was $750 a month. I got some upgrades and got financing through Audi. After trade in and down payment I financed about $42K on a $50K car. 5 years.

It all depends on down payment, package etc etc.




yes, it does, we traded in my car. Only got $2500 for it and I think about $5,000 down. But I told them how much I wanted to pay per month, and they adjusted price. This was a fully loaded car too.
Alos depends on your interest rate as well.

Message edited 4/24/2017 8:06:31 AM.

Posted 4/24/17 8:05 AM
 
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