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re: The average monthly car payment is $745 for new cars and $521 for used

Posted on 7/8/25 at 9:38 pm to
Posted by TackySweater
Member since Dec 2020
24650 posts
Posted on 7/8/25 at 9:38 pm to
I locked in $217 on a new car in 2022 lol
Posted by fallguy_1978
Best States #50
Member since Feb 2018
52853 posts
Posted on 7/8/25 at 9:44 pm to
quote:

Just purchased a new vehicle. $1000 monthly payment for 60 months. Put $35k cash down and rate is 2.9%. If it’s in the budget then why not?

Seems crazy to me, but you do you. 95k total is nuts, but as long as people still pay it, they'll keep charging it.
Posted by Rize
Spring Texas
Member since Sep 2011
18540 posts
Posted on 7/8/25 at 10:06 pm to
quote:

I look around my neighborhood and have no idea how my neighbors afford some of the things they have or things they do. They are likely living off credit and are maxed out with no ability to absorb any type of emergency expenditure.


They could also be older than you making same money for longer or make way more money than you do.








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