View Poll Results: How much is your payment?
$0 to $250
14
5.32%
$251 to $500
30
11.41%
$501 to $750
77
29.28%
$751 to $1000
51
19.39%
$1001 to $1250
31
11.79%
More than $1250
11
4.18%
Paid Cash
41
15.59%
My Business/Employer Paid For It
2
0.76%
My Parents Paid For It
6
2.28%
Voters: 263. You may not vote on this poll
How Much Is Your Payment?
Thread Starter
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Laughing Gas
Joined: Dec 2017
Posts: 1,077
Likes: 8
How Much Is Your Payment?
Powertrain and trim level choices can really swing the price you pay but I was just wondering how we spread out across the distribution curve of monthly payment pain!
Thread Starter
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Laughing Gas
Joined: Dec 2017
Posts: 1,077
Likes: 8
Just wanted to see what the most common range of payments is. The variables will just have to be part of it; I got an XL, you got a Platinum, my 524 credit score got me a 17% loan, your 815 got you a 1.9%. It’ll just all have to play into the poll and we’ll read it for what it is. Honestly, I just thought it would be interesting on an otherwise boring Monday night.
Lead Driver
Joined: Jan 2017
Posts: 6,840
Likes: 4,131
From: Jacksonville
Trending Topics
More Turbo
Joined: Sep 2016
Posts: 618
Likes: 6
Glad to see I'm not the only one at my current (absolutely ridiculous) monthly payment........We have a pretty decent interest rate, but I had to roll my 6.0's remainder into the loan when that POS $%&# the bed on me while traveling....
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Logistics Pro
Joined: Apr 2000
Posts: 4,334
Likes: 306
From: Mills River
We financed 100% (including TT&T) at 2.84% for 60 months. Our two auto loans are our only debts, so it's not as bad as it sounds, and the interest rates (other car is <2%) are much less than typical ROI.
Regards,
Jim / crewzer
Regards,
Jim / crewzer
Cargo Master
Joined: Dec 2003
Posts: 2,182
Likes: 7
From: Saint Augustine, FL
Remember that term and rate will greatly influence the payment.
This is the first vehicle I have financed since about 1995. I considered paying off the note when I got home but the interest rate is so low I didn't see the need. Also, because this was a 'spur of the moment' purchase I didn't have that much cash in my checking account so it would have been financed regardless. I traded my previous truck, which wasn't financed and the term is 48 months.
This is the first vehicle I have financed since about 1995. I considered paying off the note when I got home but the interest rate is so low I didn't see the need. Also, because this was a 'spur of the moment' purchase I didn't have that much cash in my checking account so it would have been financed regardless. I traded my previous truck, which wasn't financed and the term is 48 months.
Elder User
Joined: Jun 2014
Posts: 932
Likes: 10
From: Tampa
We all know, the better your Credit score, the better your rate is going to be. Selling you a New vehicle for a few dollars over Invoice isn't enough to keep the lights on. The profits at the Dealership is between the unadvertised Factory to Dealer Incentives and Finance. The Rate they buy your Loan for, and the Rate they sell you the Loan for. Everything else about buying a vehicle is as transparent as it's ever been. Used Vehicles .. thats the money department.
Logistics Pro
Joined: Apr 2017
Posts: 3,674
Likes: 51
From: SoCal
How did you still have a payment on a 2005? Guessing you didnt buy it new? 12 year car loan...that would be a first lol.
