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WM88
LSU Fan
West Monroe
Member since Aug 2004
1149 posts

re: How much car debt in your houshold
0

2007 Ford F150 (plain)
2018 Nissan Rogue

Cars just need to get me and wife from A to B


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10
FinleyStreet
Georgia Fan
Nashville
Member since Aug 2011
5777 posts

re: How much car debt in your houshold
quote:

$1,823/month

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


Holy. shite balls.


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80
bleeng
LSU Fan
Houston
Member since Apr 2013
2883 posts

re: How much car debt in your houshold
Zero. 2015 Lexus ES 350. 16,000 miles. Paid cash and it had 9000 miles when I bought it used.
This post was edited on 1/23 at 2:03 am


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20
mule74
LSU Fan
Houston, TX
Member since Nov 2004
8557 posts

re: How much car debt in your houshold
$0.00

2015 Jeep Grand Cherokee
2014 Porsche Cayenne


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30
LSUShock
LSU Fan
Kansas
Member since Jun 2014
3464 posts

re: How much car debt in your houshold
$0

2004 GMC Yukon (Getting close on this one, but wife doesn't drive much)
2018 Subaru Legacy (Company car)

I had the self awareness to sell my 2014 Accord after I left my first job in and was no longer getting the car allowance in 2016. Bought a 2007 Camry in cash and sold it for about 2/3 what I paid for it 2 years later when the Subaru came.

Really like our corporate car policy vs owning your own vehicle and getting a monthly allowance.


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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:

I will always consider around $1,500-1,800/month of my income to be allocated to car notes.


Over a 20 year period, that's half a million dollars in opportunity costs, even at a very most ROI.

I'm not saying "don't buy a car." It's America. I'm not saying, "Never borrow money to buy a car." That's unrealistic. But, be smart about it. Lighting money on fire isn't smart.

Overspending on big ticket luxury goods is fine if you're already wealthy. But, investing that money early and often can ultimately fund an even greater lifestyle.

That's all I'm saying.


coachLSU
Texas Tech Fan
Member since Jan 2005
22363 posts

re: How much car debt in your houshold
6k


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00
TigrrrDad
Member since Oct 2016
3756 posts

re: How much car debt in your houshold
quote:

But, investing that money early and often can ultimately fund an even greater lifestyle


IF you’re even around to enjoy it. Or healthy enough.

For me, a car is a lot more than just “transportation”.


FinleyStreet
Georgia Fan
Nashville
Member since Aug 2011
5777 posts

re: How much car debt in your houshold
quote:

For me, a car is a lot more than just “transportation”.


ahh yes, the ol' weiner isn't what it's cracked up to be.


TigrrrDad
Member since Oct 2016
3756 posts

re: How much car debt in your houshold
What do track days in a Vette or 911 have to do with a weiner?

What does a joy ride on a curvy, deserted back road have to do with a weiner?

What do timed 0-100 or quarter mile runs have to do with a weiner?

That may be the stupidest comment I’ve ever read on the money board.
This post was edited on 1/12 at 9:59 am


GVT
LA-Lafayette Fan
Lafayette
Member since Jan 2004
588 posts

re: How much car debt in your houshold
"That may be the stupidest comment I’ve ever read on the money board."

And that's saying a bunch


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FinleyStreet
Georgia Fan
Nashville
Member since Aug 2011
5777 posts

re: How much car debt in your houshold
quote:

That may be the stupidest comment I’ve ever read on the money board.


That may be. But it's still not as dumb as 80k in car notes.


TigrrrDad
Member since Oct 2016
3756 posts

re: How much car debt in your houshold
quote:

That may be. But it's still not as dumb as 80k in car notes


Maybe not, if yoy can’t afford to pay them.

No point in living if you can’t enjoy life.
This post was edited on 1/12 at 10:28 am


tiger91
LSU Fan
South of Lafayette
Member since Nov 2005
19332 posts

re: How much car debt in your houshold
$0

2010 Ford F-250
2013 Honda Pilot
2010 Honda Accord
2016 Toyota RAV4

2010 Ford could almost ready for a replacement —- it’s a personal/farm truck and my husband doesn’t exactly keep it clean and neat inside. Lol. Would be used strictly on the farm if replaced.


UltimaParadox
Alabama Fan
Huntsville
Member since Nov 2008
10829 posts

re: How much car debt in your houshold
$0

2010 Nissan
2015 Mazda CX-5

I am not opposed to car debt if the interest is right. However, I would like to have a truck, but we will need gas prices to rise again. Trucks and SUV prices are just insane compared to what you can get a decent sedan for right now.


dragginass
Member since Jan 2013
1370 posts

re: How much car debt in your houshold
Interesting thread. In the Dave Ramsey anti-debt threads everyone leverages 0% car loans, but on a thread about car loans everyone owes $0!


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110
Fat Bastard
Boston College Fan
Member since Mar 2009
39383 posts

re: How much car debt in your houshold
quote:

Trucks and SUV prices are just insane compared to what you can get a decent sedan for right now.




trucks not SUVS at least here where i live. you can get anything cheap here EXCEPT a truck.


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00
saderade
New Orleans Saints Fan
America's City
Member since Jul 2005
23178 posts

re: How much car debt in your houshold
There is a big difference between being able to afford a note and if that note is a dumb financial decision.


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60
bishop
LSU Fan
Oklahoma City, Oklahoma
Member since Jun 2004
2069 posts

re: How much car debt in your houshold
2012 Honda Oydessy 0
2010 Honda Accord 2200



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BlastOff
New Orleans Saints Fan
New Orleans
Member since Feb 2016
456 posts

re: How much car debt in your houshold
$22k

2012 F150: $0
2019 Mazda CX-9: $22k @ 2%

No truck notes for me since 2010, wife had a ‘08 RAV4 that we just traded in for the Mazda. I’m of both minds here, I get being a “car guy/gal”, but we all know people who are driving two new vehicles that probably don’t have their retirement ducks in a row. But that’s America.


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