Viewing a single comment thread. View all comments

Mac_McAvery t1_jeel4i4 wrote

Yes, I would never exceed a car payment over 250.00 dollars

−8

iamaweirdguy t1_jeeozyq wrote

Giving a set dollar amount doesn’t really make much sense here. What matters more is the interest rate and terms of the loan, your income, and your expenses.

Some people can afford much more than $250 a month. Some can’t afford a car payment at all.

6

jdiddy_ub t1_jeerj2z wrote

Dang $250. Even my first car back in 2004 was slightly over $250/mo.

Now if someone is putting down a large down payment or stretching out the term then the monthly payment amount is meaningless.

I get the idea and see why many people don't value a car anymore than getting from point A to point B but man $250/mo in 2023 is crazy low.

1

Visual-Departure3795 t1_jeen0v0 wrote

Correct I would never and I would make sure it’s something I could pay double and pay it off in a yr

−1