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What is a normal monthly car payment?

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twicethefun
Loving life

Member since 7/06

4088 total posts

Name:

What is a normal monthly car payment?

I am wondering what other people are paying for their cars each month.
Anyone want to share? I am thinking we have lost our minds for what we are considering paying!

Message edited 4/18/2017 8:18:35 PM.

Posted 4/18/17 8:17 PM
 
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stinger
LIF Adult

Member since 11/11

4971 total posts

Name:

Re: What is a normal monthly car payment?

So many variables (type of car, base model or bells and whistles, how much down) but i will share:

For leases i have paid low to high 200s. I have small SUVs last 8 years some upgrades but not much

Posted 4/18/17 8:21 PM
 

StarsStripes
LIF Adult

Member since 12/12

1192 total posts

Name:

What is a normal monthly car payment?

We pay $299 for a lease and $420 for a car we bought

Posted 4/18/17 8:25 PM
 

twobabies
Praying

Member since 7/05

9662 total posts

Name:
Mrs. Honeybee

Re: What is a normal monthly car payment?

Well for our rouge lease we pay $260 a month. For our BMW we pay $675 a month. There's a world of difference when u consider type of car, lease, finance. Etc.

Posted 4/18/17 8:29 PM
 

ANewDayHasCome
Love multiplies, not divides

Member since 11/12

14481 total posts

Name:
Me

What is a normal monthly car payment?

Normal is so relative.
Dhs Lexus RX is $535ish
My GMC Acadia Denali is $565ish

There are so many factors though:
Money down (we don't put any down)
Miles per year (both are 12k)
Loyalty programs
Incentive programs

Posted 4/18/17 8:32 PM
 

PennyCat
Just call me mommy :)

Member since 7/08

19084 total posts

Name:
Jib

Re: What is a normal monthly car payment?

There is no "normal". It's going to vary based on make of car, mileage, how many cars the person drives.... If it's a payment you can afford and feel the car is worth those payments, go for it. If it'll make you feel better, shop around at different dealerships for the same car to see which one may give you the best deal. Consumer Reports is good for that as well.

Posted 4/18/17 8:48 PM
 

mommy2be716
LIF Adult

Member since 1/16

2921 total posts

Name:

What is a normal monthly car payment?

we pay $350/month for a car we bought

Posted 4/18/17 9:05 PM
 

TwinMommyToBoys
LIF Adult

Member since 12/16

2346 total posts

Name:

What is a normal monthly car payment?

Depends on so many factors, cost, interest rate, term of loan, money down, lease or finance. I financed a 2012 civic in 2012 that I paid off last year. Payment was 290 a month with 2k down. Bought the crv in 2016, financed no money down payment is 505 a month for a 4 year loan as well. Both are the mid model for the year.

Message edited 4/18/2017 9:24:21 PM.

Posted 4/18/17 9:23 PM
 

Mrs&MrsK
i need sleep ;-)

Member since 2/14

2008 total posts

Name:
L

Re: What is a normal monthly car payment?

Posted by StarsStripes

We pay $299 for a lease and $420 for a car we bought



This is what i was going to say is normal

i've paid less on a car (used) but for a new car this is pretty much what you'd expect

of course it depends on your down payment, extras, cost of car....

ETA- both of our cars were around $430

Message edited 4/19/2017 8:08:00 AM.

Posted 4/19/17 8:07 AM
 

Disneygirl17
LIF Toddler

Member since 11/16

496 total posts

Name:

Re: What is a normal monthly car payment?

About $400 for our minivan

Posted 4/19/17 8:22 AM
 

jeanyus27
Life is beautiful

Member since 8/08

2543 total posts

Name:

Re: What is a normal monthly car payment?

I pay $189/month on a lease for a Chevy Cruze.
36 months
12,000 miles per year

Posted 4/19/17 8:23 AM
 

Hofstra26
Love to Bake!

Member since 7/06

27915 total posts

Name:

Re: What is a normal monthly car payment?

Like everyone else said, it really depends on how much (if any) money you put down, mileage, trim line, car model, etc etc

We have a Toyota Highlander Limited AWD, 12K miles/yr, and no money down...............we pay $575/month.

Posted 4/19/17 8:38 AM
 

mommy2B3
2 boys 2 girls!!!!

Member since 7/08

3324 total posts

Name:
M

Re: What is a normal monthly car payment?

I think it will depend on terms.

My DH is paying $809 a month for his 2017 Dodge Durango, but it's only a 2 year loan, bc that was the special they were running for 0%.

Posted 4/19/17 8:40 AM
 

NervousNell
Just another chapter in life..

Member since 11/09

54921 total posts

Name:
..being a mommy and being a wife!

Re: What is a normal monthly car payment?

It depends if you are leasing or buying, what kind of car it is, etc.

DH pays $347 a month for his lease....Infiniti Qx50

I have no payment because my car is like 100 years old and has been paid off for 95 years now.

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Posted 4/19/17 8:49 AM
 

Eunyboo
<3

Member since 7/12

4376 total posts

Name:
E

Re: What is a normal monthly car payment?

I paid $450 for a Ford Explorer with $10K down.

Posted 4/19/17 9:28 AM
 

evrythng4areason
And then there were 4

Member since 1/10

5224 total posts

Name:
Kayla

What is a normal monthly car payment?

We only have one car financed. We didn't put anything down bc dh prefers to have our cash liquid, and it was a low interest rate. We did trade in my old car, but it was only $1500.

We pay $765 a month for a 5-year loan on an Acura MDX. However, we keep cars a long time-were hoping to have this one for 8-9 years.

Posted 4/19/17 9:31 AM
 

beachbabe
LIF Adolescent

Member since 9/15

731 total posts

Name:

What is a normal monthly car payment?

We pay:

$429/lease 2017 Chevy Traverse...upper model with leather

$449/finance 2017 Mazda 6...upper model with leather

Posted 4/19/17 9:34 AM
 

DrMeg
Back home!

Member since 5/08

1858 total posts

Name:
Meg

What is a normal monthly car payment?

$479 a month for a 3 year 15k miles/ year lease on a Mercedes CLA250 and $650/ month finance on a BMW 135 convertible.

Posted 4/19/17 1:47 PM
 

BargainMama
LIF Adult

Member since 5/09

15657 total posts

Name:

Re: What is a normal monthly car payment?

Leasing a car, which is just basically renting it, will be much cheaper than buying a car. Buying a brand new car is $$$ per month. Of course that depends on what kind of car you get, and your interest rate. But my car payment is around $500 and my SUV was about $33k new, so not very expensive. I put zero money down and have good credit.

Posted 4/19/17 1:54 PM
 

NervousNell
Just another chapter in life..

Member since 11/09

54921 total posts

Name:
..being a mommy and being a wife!

Re: What is a normal monthly car payment?

Posted by BargainMama

Leasing a car, which is just basically renting it, will be much cheaper than buying a car. Buying a brand new car is $$$ per month. Of course that depends on what kind of car you get, and your interest rate. But my car payment is around $500 and my SUV was about $33k new, so not very expensive. I put zero money down and have good credit.



Exactly! When you lease you are paying for only the part of the car you are using- 3 years or 36K miles or whatever.
That is why it is easier to afford a more expensive, luxury car if you lease

Posted 4/19/17 1:58 PM
 

MrsMick
Baby #2 debuts in March 2016!

Member since 9/09

1977 total posts

Name:
Michele

What is a normal monthly car payment?

We lease two cars. An equinox and a malibu. We pay 187 for Malibu and 220 for the Equinox. We have a reidiculous deal b/c this is our third time leasing and with 2 cars at the same time you get a better deal.

Posted 4/19/17 2:09 PM
 

pnbplus1
Family

Member since 5/09

5751 total posts

Name:
Mommy

Re: What is a normal monthly car payment?

Normal is relative. We currently pay a little under $400/month to lease a 2016 Honda Odyssey.

Posted 4/19/17 2:22 PM
 

Kathy042806
LIF Adult

Member since 5/06

1416 total posts

Name:
Kathy

Re: What is a normal monthly car payment?

2016 Grand Cherokee, put 10g down, and pay 295 a month.

Posted 4/19/17 2:25 PM
 

sometimesmommy
Always in my heart.....

Member since 11/06

6686 total posts

Name:

What is a normal monthly car payment?

Audi A4 $360 per month 2500.00 down financed.

Posted 4/19/17 2:40 PM
 

Jonsgirl04
Love my two girls! xoxo

Member since 9/08

6079 total posts

Name:
Stephanie

Re: What is a normal monthly car payment?

I lease my Misubuishi sport SUV for $285 per month. 3 year 12,000 MPY. I plan on leasing again next year when it is up.

Posted 4/19/17 2:58 PM
 
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