Your payment?

[BXFXJeep]

0% is still available in the 51st state, where the people are broke and the money has lost it's value.

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[Terrymo]

Does it matter? Whatever the Jeep cost it’s just a down payment on parts.

The first correct answer

 

[pfletcher229648]

I just saved 15% on my car insurance.

I look at it this way—it’s not just about whether I have the money. It’s about what that money could earn me if I invested it wisely. So I weigh the return on investment potential against the cost of financing the car at whatever interest rate is being offered. If the ROI beats the interest, I finance. If not, I pay cash.

I did get irritated at a finance guy making me jump through all sorts of hoops and wasting my time so I walked on a ~ 2% interest rate and just wrote a check on our 2022 Wrangler.

 

[Eyeball]

Not saying you should pay cash, but if you can't pay cash by moving some things around then you probably shouldn't buy it.

This not 1973 any more. Bigger ticket items such as cars often need to be financed. The cheapest car in 2025 is a Nissan Versa at about 18k, the median salary is 62k. Not everyone needs a new car but sometimes buying a continual string of shitbox beater cars is not as economical as you might think when you factor in gas mileage, repairs, missed work etc.

 

[Wbino]

The first correct answer

Anyone at a Coldplay concert is fair game, more bland than Nickelback.
Though I've been to prog concerts that were 95% men.
Still not sure why though people have to resign from a job, cause you're caught banging someone.

 

[TheRaven]

I love these threads - when you ask people on the internet, EVERYONE pays cash and would NEVER take out a loan EVER. Yet when I worked in car sales back in the day, a cash buyer was so rare that the few times it happened, it was a spectacle. I believe I saw it twice in all my years.

The vast majority of buyers are financing their vehicles. And quickly running the numbers - on a $50k vehicle with 10% down (which most buyers aren't doing) a 60 mo loan is over $900/month. We got some BSers in here folks. I suspect few are surprised.

Unless...everyone here is retired?

 

[TheRaven]

when we retired

I believe you. But are you telling me that the majority of the membership on this forum is retired?

 

[Dp227]

What is your payment?
0-350
350-600
600-1000
1000+

Fundamentally I disagree with the simplicity of the question. Lease? Own? Term?

Mine is paid off, and my payment was quite high, but that’s because I wanted to pay it off very quickly. That was purely my choice, and I still paid it off before the full term of the loan because I didn’t want the payment.

While I understand not everyone can do that, asking the payment amount without additional context is worthless information and only serves to perpetuate the bad financial literacy of “I can get into a new Jeep for only X a month!”

It’s also exactly why these things now MSRP for what they do - if you think about the payment and not the price or the term, they can ask whatever they want as long as they make the numbers work.

 

[dragoneggs]

Unless there is a 0% loan program, I pay cash.

I have found that there are often different prices when paying cash vs. low or no interet loans.

When they ask how you plan to pay tell them you don’t know yet.

 

[Wbino]

I love these threads - when you ask people on the internet, EVERYONE pays cash and would NEVER take out a loan EVER. Yet when I worked in car sales back in the day, a cash buyer was so rare that the few times it happened, it was a spectacle. I believe I saw it twice in all my years.

The vast majority of buyers are financing their vehicles. And quickly running the numbers - on a $50k vehicle with 10% down (which most buyers aren't doing) a 60 mo loan is over $900/month. We got some BSers in here folks. I suspect few are surprised.

Unless...everyone here is retired?

Paid cash. Retired.
I've taken loans out before for cars but I never bought more car than I could afford.
I never need the ego boost, and I usually keep them awhile, those that have more than ten cars in their life have spent a lot of money that could have be better spent elsewhere.
But people make their own choices and it's not for me to judge too harshly.
A car payment should never be more than a weeks salary.

 

[Wbino]

While you are at publishing your monthly payment, why not publish your social security number, credit score, your address, other info that will help scammers............who would even come up with this question? stick to what oil to use, how many ducks you have, etc........

Not sure why a monthly payment amount is in any way as personnel as your SS number, home address or credit score.

 

[Ratbert]

A car payment should never be more than a weeks salary.

You're thinking it's ok for one of your vehicles to take up 25% of your salary?

 

[CorvZ061]

I love these threads - when you ask people on the internet, EVERYONE pays cash and would NEVER take out a loan EVER. Yet when I worked in car sales back in the day, a cash buyer was so rare that the few times it happened, it was a spectacle. I believe I saw it twice in all my years.

The vast majority of buyers are financing their vehicles. And quickly running the numbers - on a $50k vehicle with 10% down (which most buyers aren't doing) a 60 mo loan is over $900/month. We got some BSers in here folks. I suspect few are surprised.

Unless...everyone here is retired?

You are 100% correct. Not many pay cash for a car, I’d love to do it one day, maybe when I retire. I sold a rental property that I owned outright to pay off our main residence, there was enough left to pay off my jeep after only 5 months so I did it. Off it went for that, I’d still be paying for it like the majority of everyone else. Was it a good idea? No idea but I’m young enough still to make dumb decision and recover.

 

[zouch]

speaking as a former resident of Pennsylvania, i have to ask; was your Car Salesman time in PA?
things there may not be representative of things everywhere.

Yet when I worked in car sales back in the day, a cash buyer was so rare that the few times it happened, it was a spectacle. I believe I saw it twice in all my years.

 

[Eyeball]

You're thinking it's ok for one of your vehicles to take up 25% of your salary?

I guess it all depends on your other obligations and overall financial condition.

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