How much is your car payment
Lead Lap
Joined: Jul 2006
Posts: 413
Likes: 0
From: CA
I well technically I believe almost anyone with a white collar job can afford a civic or a accord in full;however, a lexus is more of an accessory. People don't "need" a lexus if its just for work...anything would do. Well maybe my view is biased, I am 18 and my parents just paid every cent for it. I grew up in a family of 6 sibblings and most people say we are spoiled, but its not like my parents arent making very good money.
That's the thing, your parents paid for it... so of course your view is that people should just pay for ALL of it. Once you reach the real world, you will find out that to own the car, the mortgage, utilities, family, all cost a LOT of money. I make about 90k a year, and that's barely enough to cover the expenses here in LA.
Lexus Fanatic
Joined: May 2007
Posts: 11,030
Likes: 7
From: Windward, Oahu
Here in hawaii we learn to live nice off 50k a yr and its way more xpensive here than in LA... please~~~ *dont make me laugh at you*
Last edited by llamaboiz; Aug 2, 2007 at 04:36 PM.
Racer
Joined: Aug 2006
Posts: 1,727
Likes: 8
From: USA
my monthly is $429/60 months, but i usually put around 1,100/month into it so i can pay it off early.
Why did i go this route and not a shorter loan? The interest rate was the same at my credit union and there's no penalties to do so. I figure I'll pay it off aggressively when i can, but if a month or two come around when life happens and i need the funds for something else, then i don't have to worry about paying the 1100 and just pay the 429 for that month. So far so good...
I've had the car for a year this month and it should be paid off in about 8-9 months
Why did i go this route and not a shorter loan? The interest rate was the same at my credit union and there's no penalties to do so. I figure I'll pay it off aggressively when i can, but if a month or two come around when life happens and i need the funds for something else, then i don't have to worry about paying the 1100 and just pay the 429 for that month. So far so good...
I've had the car for a year this month and it should be paid off in about 8-9 months
.
It's very easy for an 18yo whose parents bought him a Lexus in cash to say everyone should pay cash for their autos. 
Get off your butt, move out, get a job and pay for your own stuff and then report back as to how easy it is to pay cash for a new car with no assistance from mommy and daddy. Whether it's a Honda Civic or a Toyota Matrix you most likely would be walking a few years before you'd be in even an entry level type vehicle. You're right, you are spoiled.
Get off your butt, move out, get a job and pay for your own stuff and then report back as to how easy it is to pay cash for a new car with no assistance from mommy and daddy. Whether it's a Honda Civic or a Toyota Matrix you most likely would be walking a few years before you'd be in even an entry level type vehicle. You're right, you are spoiled.Last edited by Pnuge88; Aug 2, 2007 at 05:11 PM.
Lexus Fanatic
Joined: May 2007
Posts: 11,030
Likes: 7
From: Windward, Oahu
Wow, 415 a month for insurance??? cant you get coverage under your parents name and pay them the differance?
iuno cars under my name so insurance is under my name.. if you are wondering my brother co signed for the car thats how i got it.. i dont rely on the mami for nothing we dont get along at all
Driver School Candidate
Joined: Aug 2003
Posts: 47
Likes: 0
From: Florida
Maybe its just me but if my parents bought me a Lexus, I wouldn't be focused on my studies!
Driver School Candidate
Joined: Aug 2003
Posts: 47
Likes: 0
From: Florida
