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Rize
Texas Fan
Baton Rouge
Member since Sep 2011
8205 posts

re: How much car debt in your houshold
2013 Infinty G37 $0
2017 F-250 $20k
2017 Audi S7 $31k


Hussss
Auburn Fan
Living the Dream
Member since Oct 2016
3901 posts

re: How much car debt in your houshold
Damn son


Rize
Texas Fan
Baton Rouge
Member since Sep 2011
8205 posts

re: How much car debt in your houshold
I had no car payments for about 2 months then in March of 17 I bought my 250 after I paid off my wife’s Jeep Grand Cherokee. The plan was to pay my truck off in 3 years and get her a new car but she couldn’t wait



Hussss
Auburn Fan
Living the Dream
Member since Oct 2016
3901 posts

re: How much car debt in your houshold
Nice rides but wow
This post was edited on 1/11 at 12:18 pm


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Costanza
Auburn Fan
Member since May 2011
1654 posts

re: How much car debt in your houshold
$0

Volvo XC90
Lexus ES 350

Wife and I agreed early on to never take on a car loan. No regrets.
This post was edited on 1/22 at 11:31 am


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TigrrrDad
Member since Oct 2016
3756 posts

re: How much car debt in your houshold
$1,823/month

‘15 Jag XJL $48,000 remaining
‘17 Mustang GT California Special (for my kid) $28,000 remaining

ETA: I like cars.
This post was edited on 1/11 at 12:35 pm


LSUtoOmaha
LSU Fan
Nashville
Member since Apr 2004
24695 posts

re: How much car debt in your houshold
2013 Infiniti and 2015 Honda Accord


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MrJimBeam
New Orleans Saints Fan
Member since Apr 2009
2198 posts

re: How much car debt in your houshold
Truck and SUV have about 20k left, only 800 a month total between the two. It'll be nice when they are both paid off in two years. Wifes car is basically brand new still because she doesn't drive it much. We both will ride these vehicles down for years and years if it allows us.

Definitely can't wait to get out of these notes and add it on top of the principal on the house to get that next off the docket.


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nctiger71
LSU Fan
North Carolina
Member since Oct 2017
357 posts

re: How much car debt in your houshold
$0

2011 F150, 152k Miles
2005 Toyota Avalon, 182k Miles

Both bought new and been paid off for years.


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greenwave
USA Fan
Member since Oct 2011
2500 posts

re: How much car debt in your houshold
Around $500 a month in payments

2013 Volvo XC60
2015 Subaru Outback

After the warranty is up on the Volvo its being sold cause repair costs are high.


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LSUtigerME
LSU Fan
Walker, LA
Member since Oct 2012
1982 posts

re: How much car debt in your houshold
Debt: About $8k (Lease on Q50S)

Also have a 2014 Accord paid for. So overall net equity around $12k. Cash flow about $550/mo.


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Azazello
Duke Fan
Chicago
Member since Sep 2011
2613 posts

re: How much car debt in your houshold
quote:

The negative, monthly $1,000 cash flow makes me sick. we have $21500 total left.20,000 at 2.65% (2016 Yukon Xl) and $1,500 at 2.95% (2015 Silverado)


Dear god man, that would kill me.

What made you want to buy new cars like those? Do you need them for work?

Not the financial move I would've made given that I don't know how much money you make.


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Azazello
Duke Fan
Chicago
Member since Sep 2011
2613 posts

re: How much car debt in your houshold
My car debt:

2007 Toyota 4runner - $0
2012 Mazda CX-9 - $6k

Cash flow is $-285/month
This post was edited on 1/11 at 1:08 pm


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Fat Bastard
Boston College Fan
Member since Mar 2009
39383 posts

re: How much car debt in your houshold
Honda Pilot has been paid off since 2011
Nissan Titan has been paid off since 2011
Nissan Armada will be paid off this December.

Now for tax deduction purposes I MAY have to trade in truck and get another. We shall see. Regardless if I only keep one note and it saves me a ton in taxes I’m
Good with it as everything else has been paid off including home and timeshare since 2011/2012.


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Powerman
LSU Fan
Virginia
Member since Jan 2004
138050 posts

re: How much car debt in your houshold
16K left on Dodge Challenger
I have an old BMW that's essentially just a spare car that has been paid off since 2012

The note is about 25% of a regular weekly paycheck for me so I don't mind it

If I were making the money I was making 10 years ago I'd probably have a cheaper car


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Ace Midnight
LSU Fan
Between sanity and madness
Member since Dec 2006
66375 posts

re: How much car debt in your houshold
quote:

The negative, monthly $1,000 cash flow makes me sick. we have $21500 total left.20,000 at 2.65% (2016 Yukon Xl) and $1,500 at 2.95% (2015 Silverado).


And you're probably just chomping at the bit to pay off the 2015 to get a new one, right?

In all seriousness, cars are the biggest single obstacles to middle class development of wealth.

I'm holding about $26k, $500 a month. I don't know if I could stomach any more.


Chad504boy
New Orleans Saints Fan
Member since Feb 2005
129799 posts

re: How much car debt in your houshold
3 vehicles have $3800 left on stepdaughter's hyundai car.


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Bill Parker?
Member since Jan 2013
2768 posts

re: How much car debt in your houshold
>$500. Obviously, soon to be zero.

But will have two teenage drivers in a few years, so no reason to get excited.


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hungryone
LSU Fan
river parishes
Member since Sep 2010
8292 posts
 Online 

re: How much car debt in your houshold
quote:

In all seriousness, cars are the biggest single obstacles to middle class development of wealth.

Agree.
Owe about $2500K at 0%, 2015 VW Passat. 2017 VW GTI, paid off. I buy new, but drive until there’s nothing left. I can’t wrap my brain around folks living in a $100K house, minimal investments, with $80K in cars sitting in the driveway. It’s insane.

Reminds me of my cousin, who has always lived in large metro areas & thus has never owned a car. He retired at 52, and several family members couldn’t quite figure out how he did it. I had to get out paper and pencil to demonstrate that his $50/mo transit pass and zero other transportation costs played a big part in his ability to save.


TigrrrDad
Member since Oct 2016
3756 posts

re: How much car debt in your houshold
quote:

In all seriousness, cars are the biggest single obstacles to middle class development of wealth


What is the point of accumulating wealth if you’re not going to enjoy it?

For me, cars are one of life’s great pleasures.


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