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who has the highest car payment?

H

heavy_duty

New member
not me at only $499.00

I have some friends who lease with no money down and pay $1100-$1500/month for bad ass SUV's.

(Canadian dollars of course)
 
Not extremely high, but $778 for 3 years to buy my Nissan Pathfinder EX. 5k down. It was a quick 3 years though. Nice.
 
I like 3 year leases
I got my new dodge on a 3 year lease for 640$ a month with down payment(15K)
 
Not me - I hate car payments have been going only cash lately. That keeps within your budget as well. I guarantee you that you will start dropping down a model or 2 in a hurry when you are thinking about taking that whole wad out of savings.
 
Wulfgar said:
I like 3 year leases
I got my new dodge on a 3 year lease for 640$ a month with down payment(15K)
Click to expand...


Have you ever purchased the car after the lease is up? My BIA leases all the time and the purchase price is great if he chose to buy it. I can't believe he doesn't. I almost bought his 3 yo Maxima when he was done with his lease. $12,000 wtf? That's awesome for a 3 yo and he kept it in GREAT condition. I should have bought the damn thing. It looked brand new.

I don't know how they can do that. He's now leasing a Jeep Grand Loredo for $325 or $399? That's pretty good. Maybe I shouldn't have purchased my truck. Now I gotta pay for repairs, maintenance... lol
 
what car did you get for cash?
it is -30 degrees here, I won't haul my kids around in a shit box?
plus i use my truck for work.
 
I got the 1.9% financing for 3 years. or maybe 0.9? hmmm, I forget. That's why I took it instead of paying cash. I hate pauing interest as well. I'm paying down my mortgage early just to have no debt. lol
 
gonelifting said:
Have you ever purchased the car after the lease is up? My BIA leases all the time and the purchase price is great if he chose to buy it. I can't believe he doesn't. I almost bought his 3 yo Maxima when he was done with his lease. $12,000 wtf? That's awesome for a 3 yo and he kept it in GREAT condition. I should have bought the damn thing. It looked brand new.

I don't know how they can do that. He's now leasing a Jeep Grand Loredo for $325 or $399? That's pretty good. Maybe I shouldn't have purchased my truck. Now I gotta pay for repairs, maintenance... lol
Click to expand...
it really depends on how you do it
the way I figured it out with my truck. the lease payments+down+residual= about 2K more than If I bought the truck and made payments for 3 years on it(which would have been like 800+ a month)
to me it is smarter to keep the extra 2-300$ a month, keep it in a high yield fund or even a ing account and let it grow so that when the lease is up you can just grab the $$ out of the account and buy it off right there(plus net a little profit from the interest.

thats how i roll.... :theshadow
 
best time to buy a vehicle is off lease if you know the gy who was driving it and he kept it in good shape.

low miles and low purchase price.

I have a friend who leased a 2003 Chev tracker the buy back is $5000 and she is not going to buy it. the kicker is the fucking car only has 15,000 KM on it. she never fuggin drives it because they have 3 other vehicles and she wont drive on the highway.

over here she could sell it for 10K easy.
 
billfred said:
Not me - I hate car payments have been going only cash lately. That keeps within your budget as well. I guarantee you that you will start dropping down a model or 2 in a hurry when you are thinking about taking that whole wad out of savings.
Click to expand...

I hate car payments too... had an $835.00 for a couple years and just didn't like writing that check every month. I went down to $500, then now at $322... but still dont like it. it will be over soon, but of course I've already got my eye on something else that will take me back to the 5 hundy range... :rolleyes:
 
I got Absolutely ZERO Car Payments
 
Well, I bought a (NEW at the time) 1994 Honda Accord for $16000 cash with extra shit... $18 or $19k and I still own it. lol It has 105k miles on it and the wife drives it to work every day. I hope we can get 200k miles on that. It would be an awesome investment. lol Well, it HAS been an awesome investment. I'm not much of a car dude. Point A-B is my thing. Not like some on here. Oh well, I'd rather have sex.

We also have the Pathfinder 2001 that we paid off in 3 years and is at 25k miles on it. lol 6 years and 25k miles. It sits in mydriveway all day. I hope to keep that for a while.
 
no car payment here, business vehicle.

I do have a CBR 600RR bike that I owe $140 per month :whatever:
 
heavy_duty said:
what car did you get for cash?
it is -30 degrees here, I won't haul my kids around in a shit box?
plus i use my truck for work.
Click to expand...

I drive a Yukon - bride drives a volvo
 
$0
 
$464 / mo
3.5 years left on a 5 year loan.

Then I will prob save up for my next vehicle after that. Now that I'm older I care more about saving money than how cool I look while driving.
 
needtogetas said:
who the fuck are you people paying 5-6-7-800 every month on a car.you should be fucking shot.
Click to expand...

I drive my cars until they literally don't drive anymore. My last vehicle had 245,000 miles on it and I sold it for a couple hundred. I was in need of a truck in a bad way so that's the only reason I have a car payment currently. When it's paid off I will not buy another vehicle for a looooooong time. I hate the payments.
 
alien amp pharm said:
I drive my cars until they literally don't drive anymore. My last vehicle had 245,000 miles on it and I sold it for a couple hundred. I was in need of a truck in a bad way so that's the only reason I have a car payment currently. When it's paid off I will not buy another vehicle for a looooooong time. I hate the payments.
Click to expand...
my highest car payment ever was 342 for a ford explorer sport.ill never do it again
 
You people are insane. Why the hell would you EVER put that kind of money into something you don't even own? And even if you're financing so you 'own' it, it's a depreciating asset!

wtf
 
bluepeter said:
You people are insane. Why the hell would you EVER put that kind of money into something you don't even own? And even if you're financing so you 'own' it, it's a depreciating asset!

wtf
Click to expand...
right.
 
I paid with a bank check crackas.

$0

My previous vehicle that I wrecked the end of december was a healthy $250/month and almost paid off (1.5 years left i think). $16k down on it. 2005 vehicle.

Insurance paid it off after I totalled it.
 
$495.00
More than I wanted to pay but I just had to have it. I have 2 1/2 years left....ugh. But I must say that this is the longest I have ever kept a car. That is why I was so upside down when I got into the one I have now.
 
My 342.00 car payment will be paid off and will be 0.00 in April.

I'm driving it until it does not run anymore.

And before you guys think Im responsible and dont need a staus symbol...

I'm going to finance a boat instead.


LOL.
 
I have a friend who has a work truck at $750/month, Caddy at $1500/month, wife's truck is $350/month plus he owns another van. and he's never hurting for cash. oh yah his new house in Toronto was $750,000 so basically he drives what he wants to drive and he's not a show-off.

Many many people do that.

ps. He did not graduate from High School :)





needtogetas said:
who the fuck are you people paying 5-6-7-800 every month on a car.you should be fucking shot.
Click to expand...
 
heavy_duty said:
I have a friend who has a work truck at $750/month, Caddy at $1500/month, wife's truck is $350/month plus he owns another van. and he's never hurting for cash. oh yah his new house in Toronto was $750,000 so basically he drives what he wants to drive and he's not a show-off.

Many many people do that.

ps. He did not graduate from High School :)
Click to expand...
sounds like mts lol
 
you people must not work for the government....WHERE do you get the cash for these payments?

my highest payment was 174.26 for 4 years....i paid cash for my last 2 vehicles.
 
heavy_duty said:
not me at only $499.00

I have some friends who lease with no money down and pay $1100-$1500/month for bad ass SUV's.

(Canadian dollars of course)
Click to expand...

I have a 2001 Ford F350 diesel dually four door with just a few payments left at 767.00 per month and a 2007 Grand Cheerokee at 569.00 for a grand total of $1336.00 per month.....I'll be extreemly happy to see only one payment in the near future..
 
Mine's paid for, but my friend's M5 payment is close to $3K. He's buying a Cayenne Turbo S soon and doesn't want to put any money down, so that'll be close to $5K. He wonders why he's always short on cash even though he makes $15-20K/ mo.
 
jnevin said:
Mine's paid for, but my friend's M5 payment is close to $3K. He's buying a Cayenne Turbo S soon and doesn't want to put any money down, so that'll be close to $5K. He wonders why he's always short on cash even though he makes $15-20K/ mo.
Click to expand...

Man with a 3000.00 dollar car payment....you could put $2200.00 per month into a money market account or invest in realestate and still have a nice whip for $800.00 a month......
 
swolenole said:
Man with a 3000.00 dollar car payment....you could put $2200.00 per month into a money market account or invest in realestate and still have a nice whip for $800.00 a month......
Click to expand...


I'd be surprised if he has the minimum amount necessary to keep his savings account active. 800 per month won't get you much unless you have a longer term loan. $30K at 6.5% over 3 years is $1,000/ mo.
 
bluepeter said:
You people are insane. Why the hell would you EVER put that kind of money into something you don't even own? And even if you're financing so you 'own' it, it's a depreciating asset!

wtf
Click to expand...
they must have a lot of "disposable" income

btw I agree.
 
bluepeter said:
You people are insane. Why the hell would you EVER put that kind of money into something you don't even own? And even if you're financing so you 'own' it, it's a depreciating asset!

wtf
Click to expand...



When my wife was pregnant with our first child, she was driving home in her Honda Accord in the snow. She got stuck on the road. It was a small hill but no one could move on it. The snow was too much and very slippery. She almost froze if not for two ladies that lived nearby who let her into their home.

That year we bought a 35k SUV. Nuff said.

Now she still drives the Honda to work and I keep the SUV in our driveway. lol

Anyway, with 2 kid now, we use the SUV to jerk them around from place to place. No way I'm bending down to place them in car seat in a C-A-R. lol Can you even BUY an SUV these days for under $30,000? I doubt it.

That's my story.
 
I had years and years of break downs, repairs, blown tranny's, head gaskets, blown engines, water pumps, rads then finally said fuck that and went brand new.

I drive at least 22,000 miles a year and we have a wicked winter.

My wife and I once slept 8 hours in the car waiting for a garage to open (broke down and got there at midnight in -30 C)

we can't afford to drive shit boxes any longer... different strokes for different folks

I bet some of you guys dont even know what a block heater is LOL
 
heavy_duty said:
I had years and years of break downs, repairs, blown tranny's, head gaskets, blown engines, water pumps, rads then finally said fuck that and went brand new.

I drive at least 22,000 miles a year and we have a wicked winter.

My wife and I once slept 8 hours in the car waiting for a garage to open (broke down and got there at midnight in -30 C)

we can't afford to drive shit boxes any longer... different strokes for different folks

I bet some of you guys dont even know what a block heater is LOL
Click to expand...

LOL. He said "blown trannies".

tee hee
 
sardonicone said:
I can't afford a Car.

Wife pays 387 a month, which I think is insane.

Cars suck.
Click to expand...


What do you do where you don't make enough to afford a car? You've mentioned how you don't make shit numerous times, just curious.
 
I quit drinking so now I have all kinds of extra money for a vehicle. I have a wrangler but I've turned it into and off road rig so I'm in the market. I won't go over 750 a month though.
 
pintoca said:
lease with big downpayments don't go together in my book
Click to expand...
yes indeed! isn't tht the point of leasing and not buying...to get into a car cheaply, with little/no down payment? why pay Big Bucks up front for a vehicle you will never own?
 
Wulfgar said:
you must not be a buissness owner and have buissness related vehicles
Click to expand...
you must not have much common sense when it comes to spending money.
 
heavy_duty said:
I had years and years of break downs, repairs, blown tranny's, head gaskets, blown engines, water pumps, rads then finally said fuck that and went brand new.

I drive at least 22,000 miles a year and we have a wicked winter.

My wife and I once slept 8 hours in the car waiting for a garage to open (broke down and got there at midnight in -30 C)

we can't afford to drive shit boxes any longer... different strokes for different folks

I bet some of you guys dont even know what a block heater is LOL
Click to expand...
its a heater for your block! lol Diesel have them to keep the water hot for easy start up in cold weather!
 
$000.00

Some of y'all should just dump some loot in a bucket and set it on fire, which is basically what you are doing
 
Wulfgar said:
you must not be a buissness owner and have buissness related vehicles
Click to expand...
LEases for businesses make sense in that they arent reported on the balance sheet, therefore making financial ratios more favorable. Downside is you cant take depreciation expense writeoff. I assume there is a lot of useage and mileage put on these vehicles and they are rotated out for newer vehicles fairly frequently, therefore making a lease favorable.
 
what country's tax laws are you refering to?

superdave said:
LEases for businesses make sense in that they arent reported on the balance sheet, therefore making financial ratios more favorable. Downside is you cant take depreciation expense writeoff. I assume there is a lot of useage and mileage put on these vehicles and they are rotated out for newer vehicles fairly frequently, therefore making a lease favorable.
Click to expand...
 
FRC21 said:
$988.00 per month

Range Rover HSE with every option.
Click to expand...
i hope you have a reliable american or japanese car to drive during the frequent times your RR is in the shop.... :worried:




"the British drink warm beer because they drive on the wrong of the road"


"doc...waddua u mean? a LUCAS pacemaker? AARRRGGHHHHH!"
 
buy if you plan to keep for 5 years plus
lease if not. you can lease for 24 months if you choose so.

you need to budget your monthly income as on a cash flow basis. "Accured"

lease is the ideal way to go
 
dead_reggin_storage_fashi said:
buy if you plan to keep for 5 years plus
lease if not. you can lease for 24 months if you choose so.

you need to budget your monthly income as on a cash flow basis. "Accured"

lease is the ideal way to go
Click to expand...

rofl bud if you're going to quote something... at least get the spelling right on the quoted word.
 
i was out car shopping saturday...the dealer wouldn't get the payment figure below 140 per month so i walked out.
 
ZKaudio said:
rofl bud if you're going to quote something... at least get the spelling right on the quoted word.
Click to expand...

"accrued"

you know what I ment wise guy

sorry I didnt proof read my post or maybe it was the fact I wasnt a spelling bee champ. Lay off :)
 
heavy_duty said:
what country's tax laws are you refering to?
Click to expand...
Was referring to leases not being counted as an asset or liability but the payments are expensed out in the period they are incurred. It does show up on income statement which ultimately feeds into retained earnings but I was referring strictly to liabilities on the balance sheet.
 
If you lease a car, you can deduct the entire amount, up to CCRA’s maximum (currently $800 plus taxes per month), while considering any tax restrictions relative to your employment, business-use, or an percentage attributed for personal use. When the lease is up, you own nothing, and return the car. If your lease payment is less than $800 before taxes, you may want to renogotiate the amount to that limit with the leasing company to take full advantage of the deduction. This is advisable if you intend to keep the car anyway.

When you purchase, you can write off the interest on your car loan, and you can deduct the capital cost allowance over time. Once the loan is finished, you will own the car. Perhaps do both: lease for the initial period, and buy the car at the end (either with cash or borrow, and write off the interest and the capital cost allowance). This may work well if you have gone way over your mileage and own the leasing company a significant amount upon bringing the car back. Let’s say the car is worth $32,000 to buy at lease-end, but you never planned to buy it – until you find out that you owe $15,000 for the extra kilometers driven. Thinking creatively, you do the math (in terms of car value), and consider the option to buy the car.

If you buy it out, you attribute the $15,000 due for mileage, back into the buy-out equation, purchasing it for a net $17,000 (taxes not considered). If you take the car back to the leasing company, and buy a new car worth $30,000, you will need to pay out a total of $45,000 ($30,000 plus the $15,000 liability) to pay off the lease-end liability, plus buy the new car. View car buying and/or leasing as total expended as you make your financial decisions. It takes time to calculate the best planning, but in the end you’ll be ahead. By buying an extended warranty, a used car bought out at the lease-end could have the maintenance security of a newer car.

Also, when you buy the car, you will not be accountable to the leasing firm for any damage. Where damage exists, you might be forced to have it fixed via your insurer thus increasing your premiums. If you own the car, repairs can possibly wait until you have the extra cash in hand.
 
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