Those are the payments we pay and are rounded up a bit. I don't recall what the required minimums are. I think it's a lot but H likes newer cars and we can afford it so whatever.
Post by chickens987 on Sept 25, 2015 12:30:12 GMT -5
2011 Mini Countryman, $500/mo. We were a 1 car family, then H got a job which required a car and we had to buy fast. and he has expensive taste. Will be paid off next year.
$0. We paid cash for both of them. 2012 outback and 2012 Tacoma. We put $500 a month into a new car savings account so we can do the same when one needs to be replaced.
Ah! This one is easy. We don't have a car right now. Our budget is $7-$10K for the used car we plan to buy sometime this fall. No financing. Parking will run us another $200-$300/month, depending on which waiting list we get taken off of first and I have no idea yet about insurance.
We are probably going to pay off DH's car soon just to help with cash flow. I've gotten a new car every 4-5 years in the past but I'm driving a lot less now as the nature of my job has changed and so we plan on me keeping my car for 10 years. DH has 110k miles on his car so will be getting a new one in a few years.
2014 Subaru Crosstrek -paid 2013 Chrysler Town & Country -paid
I think I've mentioned it before that both our parents bought us new (DH) or 1 year old (me) cars in college. The money we would've spent on those payments went to savings and we were able to buy our next cars outright with that money and of course at that point we were working in the real world with real incomes! Then the money we would've been spending on those payments went to savings, got invested, etc and that's how we paid outright for our next cars. We aren't the wisest money people ever but one thing we do well and are lucky enough to be able to afford is that besides our mortgage we carry no debt. No student loans, no car payments, no credit cards, etc. It's something that is really important to DH.
DH has a 2014 Nissan Armada, but his company pays for it. He gets a new car every 2-3 years
Employees are given a chance to buy cars that have been turned in (can only buy one every couple years) so when the CFO turned in his fully loaded 2010 Acura MDX we bid on it and won. It's $303 a month but it's almost paid off.
Post by estrellita on Sept 25, 2015 12:38:10 GMT -5
My Hyundai Sonata was given to me by my parents. Score.
Our Toyota Highlander is about $230/month at a pretty low interest rate. Still have quite a bit left but we bought it a year ago and haven't been putting any extra towards it.
I just paid mine off last month Subaru Lengacy - $0 ($300 transfered into savings for the next car) DH - Honda Ridgeline - too much. I think we pay $400 even though he put a ton down.
2012 Acura RDX - $500/mo. Like 15 payments left. Interest isn't 0 but is super low, I don't remember. We know we have to move in the next year, and I think we both want to try really hard to stick with a 1 car lifestyle for as long as possible.
I would've been ok with a less expensive SUV and my husband had his sights set on BMW/Mercedes levels of SUVs, so this was the best compromise.
Post by fortnightlily on Sept 25, 2015 12:43:28 GMT -5
One of our cars is a 2002 and was paid off a long time ago. We'll probably replace it in another year or so, not sure with what. Whether we pay cash for that car will depend on if we decide to have another kid.
I drive a 2015 Subaru Forester that we pay $210/mo for.
$0. We paid cash for both of them. 2012 outback and 2012 Tacoma. We put $500 a month into a new car savings account so we can do the same when one needs to be replaced.
This is what we do. We currently have a 2006 Forester and a 2009 (?) Tacoma that we paid cash for. Every month money is set aside for a future new car. The Forester is due to be replaced in the next year or two.