Biggest monthly car payment?

[Lamb]

I was listening to the radio this morning and they were having people call in to tell them their biggest monthly car payment they've ever had to pay. I was shocked by so many people paying almost $700 a month for a truck payment. They HAD to have all the bells and whistles they admitted. :drive:

 

[MennoSota]

I was listening to the radio this morning and they were having people call in to tell them their biggest monthly car payment they've ever had to pay. I was shocked by so many people paying almost $700 a month for a truck payment. They HAD to have all the bells and whistles they admitted. :drive:

I think the highest I have ever had was about $225. We look for cars with good mechanical reviews but we don't need extras. I do buy the best tires possible, which has lately been Michelin as their all-purpose tires grip well in snow and are quiet on dry roads.
I'm also surprised at rental properties. We pay much less for buying our house than most renters. Average cost for a 2 bedroom apartment is now well over $1000 a month here in the Twin Cities.

 

[Lamb]

I think our biggest payment is under $300. The lowest was probably $169 a month for one of our first cars. Maybe my Cavalier? I can't remember and didn't have it long because the electrical system went haywire!

I'm really frugal and can't see myself paying over $350 for a car payment.

OH and paying rent that's higher than a mortgage payment doesn't make sense unless you plan on moving soon. Wow.

 

[Josiah]

Our payment is 462 per month for the 2017 Honda Pilot

The 2018 Subie Forester is a company car.

I sold my 2012 Miata, which was paid off.

 

[Lamb]

Our payment is 462 per month for the 2017 Honda Pilot

The 2018 Subie Forester is a company car.

I sold my 2012 Miata, which was paid off.

If you only have the one car payment for the family then it makes sense...oops had a phone call...I meant makes sense to pay a bit more.

 

[Tigger]

Back in the late 80's I paid $310 which was a lot then. Since then I haven't had a car payment bc I've bought them used and paid cash. I've been really blessed at picking good used cars and I run the heck out of them although we do have a car payment for my wife's car bc it's less likely to break down on her and its more reliable for longer trips for the both of us.

 

[Josiah]

If you only have the one car payment for the family then it makes sense...oops had a phone call...I meant makes sense to pay a bit more.

The Honda replaced my wife's really old, worn Toyota that was too small for the HUGE child car seats of our day; we needed to get a family car. We settled on the Pilot. It wasn't cheap; of course we didn't NEED all those buttons and bells but....

The Subie is unusual.... I first looked at this as my car to replace the Miata, something that could be a family car and because I was going to take our son to the care person. That became irrelevant when my wife decided to stop working and stay home with our son. I made a job switch about that time and (much to my surprise) a company car came with the job - a car of MY choice (within cost limits) so I just went back to the Subie dealer. It's on a 3 year lease, including maintanence, but the car is mine to use as my please, I just pay the gas. Ah, job perks can be nice. Tomorrow I'll be in that Subie much of the day, working.

I don't like the whole idea of owing lots of money but I guess it comes down to what the budget can handle. We give 20% to charity, we put over 10% into investments so I think we're living within our means (the company puts more). The house we bought shortly after we married has ended up costing a lot more than I figured (home ownership seems to work that way, I've learned) and it was a bit of a fixer-upper and that fixing upping has cost a lot more than anticipated. But we're okay and the house has increased in value a lot so we could sell it now for a nice profit. With the new job, my salary has been able to pretty much absorb my wife's lost income. God is good. And I AM thankful.

What do you need.... what can you afford?