Average Monthly Auto Loan Now $503 @ 68 months

Did the car get you from point A to point B during the life of the lease?
If so, then I don't see how it was money wasted.

You dont lease if all you care about is getting from point A to B.

Have an eternal monthly car note to drive down the street brehs.
 
The amount makes sense, because it's a average.

The number of years is the more shocking part. I guess more people are going to 6 and 7 year loans.
 
6 to 7 year loans :x

I made the mistake of buying my car, but i will have it paid off in 3 years.
 
i thought this was da old thread i made years ago...looks like it got worse :x


I think we both made one before at diff times, it def got worse. Smh.

i blame idiots for not having da sense to purchase used cars..

for 15k, soooooooo much heat can be copped.

Majority of da population don't care about heat

They care about getting from point A to B

Especially when you got a fambily
 
Average price of a brand new car is now around $36k

Cara are expensive as **** and I'm not shocked payments are high and what not. It's crazy
Average price for a brand new car in the US is $36000? What? :x
That's enough to buy a brand new BMW, Audi, Mercedes, ... over here. The lower end options of course. A 2017 Audi A3 starts at ~€25000 for example

My mistake, it's close to $34k as the average price

Same damn thing :lol:
 
i blame idiots for not having da sense to purchase used cars..

for 15k, soooooooo much heat can be copped.
They don't like American cars here b, they wanna floss the Benz and bimmer. If it takes 9 years to pay it off o well, got that 3 series tho.
 
It should be noted that the prices are climbing this high because people keep trading in their cars before they're done paying it off.
Adding that balance to their next finance and stretching it out for more months to keep monthly payments down.

If only there were some type of way they can get the car new and just give it back in a few years when they get tired of it.
And when they give it back they could get a new one without having to pay off the one they got tired of.


Someone should really come up with such a system.
That's why I tell people to lease. Once you lease is up, you have options.
 
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you can get a STS-V with 469 Horsepower for 12-15k with 80kish miles.

fully loaded.
I would never buy a used luxury car with that many miles. Any Luxury car I can get in the future, I'm leasing!
 
Nice reliable beater during the week for work thats paid off and lease for what you really wanted on the weekends or when going out. If your funds are right that is...

Otherwise CPO for the 1 car and dassit
 
I'd lease right now if I didn't drive so many damn miles :smh:

Next car's looking like a purchase.
 
you can get a STS-V with 469 Horsepower for 12-15k with 80kish miles.

fully loaded.
I would never buy a used luxury car with that many miles. Any Luxury car I can get in the future, I'm leasing!
A Lexus with that many miles is fine if the owner took care of standard maitence. You can add another 80k miles onto it yourself.
 
This is my plan...someone tell me if this makes sense or not. Be honest with the kid.

Keep in mind: I plan on trading my car in after 2-3 years. I don't want to be limited to the strict guidelines of leasing (mileage, no cosmetic changes allowed to the vehicle, etc)

Let's say I have 12k that I saved to put towards a vehicle...most people would put 12k down and get a low car payment. Let's say I get a car loan for 30k or 28k w.e for 68 months..my payments will come out to $500/month(hypothetically)...what if I just set up a new account to leave that 12k in so that $500/month for my car comes out of it and pays itself? That's about 2 years of payments. Let's say i decide to trade it in after 2 years, depending on the car, it would still be worth a good amount, right?

does this financially make sense?
 
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