lumper
Senior Member
As you said it is all relative.^^^^
Despite financing for longer terms (72-84 months), I haven't had a car payment (or otherwise) under $1,000 a month in at least a decade. Heck, I was paying $2,500 a month on a 2014 Mazda2! Paid that one off quick, lol.
It's all relative. There's really no right or wrong way.....so long as the individual isn't over extending themselves, not paying their bills, or simply cannot afford what they are doing.
Some ask me, why I don't just pay cash. Well, if I did that, I couldn't keep my credit fresh. I'm all about playing the game (even if I don't agree with it).
Mike
To me, where I am from, anything over 700 a month seems crazy to me,. now with prices higher, inflation, etc.. the average car price is in the 40's these days vs in the mid 20's when last bought new.
We aren't rich by any stretch of the imagination, making a little over 100k a year for two people, we manage and I am able to muster 2500 a month for savings or whatever I want, but I def don't want to tie it all up on one payment.
I'd rather save up until I can drop enough down to have equity in the car and a lower more manageable payment, that way while I am paying it off I can also aggressively save for a house and then another car for my wife.
As you said, it is all relative, everyone has a different situation and has to make the best decisions for them.
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