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re: How much car debt in your houshold

Posted on 1/14/19 at 10:55 am to
Posted by TigrrrDad
Member since Oct 2016
7122 posts
Posted on 1/14/19 at 10:55 am to
quote:

how do you like the XJL?


LOVE it. I really didn’t like them when I used to see them on the street, and one day while we were out of town we went to test drive an XF S just because we were bored and there was a dealer near our hotel. Checked out the XJL they had on the lot and fell inmlove with it. Looked at the A8 and the 7 series before buying, but the interior of the Jag just blew away the Audi and BMW. It has very good power and handles like a much smaller car. Handling feels tighter than my kid’s Mustang, which is amazing for such a big car. We’ve done a lot of traveling the past few years for my kid’s tournaments, and it makes traveling a joy rather than a chore. And my bad back loves those heated seat massagers. Stereo system is fantastic also. Oil changes are expensive (over $200), but it only needs it once/year or every 16,000 miles. Beautiful car and we’ve had no major issues with it.

ETA: May consider an F-type when I go back to a sports car. My wife’s cousin let me drive her F-type R, and the power in that thing was downright scary.
This post was edited on 1/14/19 at 10:59 am
Posted by 21JumpStreet
Member since Jul 2012
14654 posts
Posted on 1/14/19 at 11:03 am to
2014 Tundra $0
2019 Insight 26k
2010 370z 16k(Bought this one used last year in a monterey blue with about 64k miles, fun car)

-$800 cash flow.

This post was edited on 1/14/19 at 11:04 am
Posted by Anfield Road
Liverpool Fan
Member since May 2012
1940 posts
Posted on 1/14/19 at 12:10 pm to
$0

2015 Toyota Corolla
2017 Kia Sorento
Posted by AUjim
America
Member since Dec 2012
3663 posts
Posted on 1/14/19 at 1:04 pm to
2017 truck - 440/mo - payoff 25,200
2014 suv - 460/mo - payoff 23,600

48,800 outstanding car debt
900/month
Posted by lnomm34
Louisiana
Member since Oct 2009
12614 posts
Posted on 1/14/19 at 1:11 pm to
quote:

2017 truck - 440/mo - payoff 25,200
2014 suv - 460/mo - payoff 23,600

48,800 outstanding car debt
900/month


Finally a 'normal' consumer and not a Money Talk baller.
This post was edited on 1/14/19 at 9:28 pm
Posted by Shenanigans
Spring Hill, TN
Member since Nov 2012
2394 posts
Posted on 1/14/19 at 2:12 pm to
My Car - 2004 4Runner, been paid off for quite some time, need to buy new tires but plan to keep it til it dies

Wife's Car - 2017 Mazda CX9 - monthly payment is $465, but typically pay extra, trying to knock it out. Owe around $24K
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72734 posts
Posted on 1/14/19 at 5:27 pm to
Wanna be a balla
Shot calla

20 inch blades
On the impala ......
Posted by madmaxvol
Infinity + 1 Posts
Member since Oct 2011
19165 posts
Posted on 1/15/19 at 9:25 am to
$0

(2003 Lexus LX470), (2010 Honda Odyssey Touring), (2009 Subaru Forester for our kid). All bought used with low miles...paid cash.
Posted by lynxcat
Member since Jan 2008
24162 posts
Posted on 1/15/19 at 9:32 am to
quote:

Finally a 'normal' consumer and not a Money Talk baller.


quote:

2017 truck - 440/mo - payoff 25,200
2014 suv - 460/mo - payoff 23,600

48,800 outstanding car debt
900/month


This is probably in-line with the majority of middle / upper-middle America.

My note is $700/month and $6500 remaining at 2%. Paid off in November 2019.
This post was edited on 1/15/19 at 9:33 am
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
16909 posts
Posted on 1/15/19 at 9:48 am to
Wife has been wanting an F-Pace for a few years. probably get her one before the baby comes.
Posted by TigrrrDad
Member since Oct 2016
7122 posts
Posted on 1/15/19 at 10:01 am to
They are nice - the relative with the F-type had an F-Pace before that.
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32530 posts
Posted on 1/15/19 at 1:31 pm to
2011 Jeep Wrangler-$0
2014 BMW X1-10k (bought used)

Payments are ~$300 a month with roughly 3% interest. The BMW will probably be traded in for something bigger this year. I work from home, so I don't drive my Jeep very much at all, and I'm good with keeping it.
Posted by Gene Frenkle
Member since Feb 2016
347 posts
Posted on 1/16/19 at 11:17 am to
2010 Sierra $0/mo
2018 Pilot paying $800/mo, 0.9%, payoff $37,854.11

First ever new car for the wife and kids and hoping to get at least 5 more years out of the truck
Posted by 632627
LA
Member since Dec 2011
12770 posts
Posted on 1/16/19 at 11:46 am to
quote:

TigrrrDad


Don’t waste your time arguing. Some people would prefer to accumulate money without ever spending it. I agree with you- if you can afford it, and enjoy it, go for it.

Everyone has their interests; vacations, tech gadgets, cars, etc. You’re obviously into cars. Not everyone wants to drive a Camry until the wheels fall off.
Posted by TopFlightSecurity
Watertown, NY
Member since Dec 2018
1318 posts
Posted on 1/21/19 at 8:02 am to
A car note isn't a big deal if you have a good interest rate and plan on driving it well after it's paid off.

My wife got a new vehicle after driving a 4Runner for 12 years we owe around $30k on it but payment doesn't affect anything. My truck and motorcycle been paid off for years.
Posted by TheChosenOne
Member since Dec 2005
18521 posts
Posted on 1/21/19 at 8:53 am to
quote:

Lease $530/month 2018 XC90
Garage is $550/month

Gotta love living in NYC

Why do you even have a car?
Posted by Double Oh
Louisiana
Member since Sep 2008
17860 posts
Posted on 1/21/19 at 10:12 pm to
Zero car debt

2012 Chevy 3500 with 400,000 miles
2015 Ford Escape for wife
Two cars for the kids both paid off.
Posted by boosiebadazz
Member since Feb 2008
80272 posts
Posted on 1/22/19 at 7:10 am to
2012 Acura TSX ~$4900 left at 1.9%
2012 Toyota Highlander paid off, had note at 0%
Posted by LSUA 75
Colfax,La.
Member since Jan 2019
3706 posts
Posted on 1/22/19 at 11:21 am to
$0
2015 Prius-$0
2016 Prius-$0
2010 Tacoma-$0
I’m reading on internet that Toyota is coming out with hybrid Tacoma in 2020,if they do I will get one. I expect they will since Ford is coming out with hybrid pickup.
I have something in my head that makes me want to pay as little as possible for gas,no matter how cheap it is.
Posted by Dock Holiday
Member since Sep 2015
1639 posts
Posted on 1/22/19 at 12:08 pm to
Approx $6500 total

2008 Silverado Z71 - Paid off many years ago
2013 Ford Explorer - Paid off over a year ago
2002 Jeep Wrangler - paying $280/ month now on 3% interest loan, but will bump it up to $500 in a couple months. Bought it in August as a play vehicle with the intent on improving it (needed TLC), have stayed with that plan and have already come a long way. They hold their value as much as any vehicle and they sure are fun when the weather is right. Will consider paying it off at the end of the year, just to be note free again.
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