re: How much car debt in your houshold

Damn son

Nice rides but wow

$1,823/month

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

ETA: I like cars.

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.

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.

Debt: About $8k (Lease on Q50S)

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

My car debt:

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

Cash flow is $-285/month

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

3 vehicles have $3800 left on stepdaughter's hyundai car.

quote:

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

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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.