What do you pay a month in car payments?

[CarolinaDG]

In the spirit of the rent/mortgage threads, I wanted to see how I'm doing compared to other people in terms of car payments.

I bought a brand new 2004 Toyota Corolla S in June, and I'm paying $257/month (including gap insurance). My car is beautiful, red, but the only extra I got on it was the upgraded sound system. It's the one on the commercial where the guys are fighting over who gets to ride in it.

I'd just be curious to see what other people are paying for their cars (those that are still making payments, of course).

[KDLady00]

I just bought a 2005 Chrysler Pacifica because of the fact I had a baby and a 00 Trans Am wasnt a family car! Thanks to my mother paying cash for it, I dont have to pay anything but insurance which is 367.00 a month!

[valkyrie]

Holy crap! $367 for insurance?! Wow. I'll never complain about my car insurance again.

[KDLady00]

Originally posted by valkyrie
Holy crap! $367 for insurance?! Wow. I'll never complain about my car insurance again.

Yeah well lets just say I wasnt the slowest driver out there! LMAO! Hey nobody would be with a freak sportscar!

[winneythepooh7]

$259.66 for the car payment, $317.00 a month for the insurance. Yeah, that's most of y'all's rent.

[peanutttu]

01 VW Jetta GLS....car payment $298.

I think my insurance is like $130.

[ambición6]

oh please, ya'll got nothing on me..

2004 maxima $512 monthly payment (4 years to go)
$212 insurance monthly

[Sister Havana]

Nothing. My car's been paid off for a couple years. :D

However, when I did have the payment, it was around $284/monthly. I have a 1997 Saturn SC1.

[KDLady00]

Originally posted by ambición6
oh please, ya'll got nothing on me..

2004 maxima $512 monthly payment (4 years to go)
$212 insurance monthly

I would have had u beat if my mother didnt pay off my car! The payments would have neen $680 a month! Thank goodness for grandchildren:D

[CarolinaDG]

Oh, my gosh. It must just be the city I'm in, but my insurance is HIGH compared to most other people's, and I pay $90/month. And THAT's because I have a speeding ticket and rear-ended people. Otherwise, it probably would be around $30. Most people around here pay what y'all are paying for 6 months.


ETA: I was looking at a Maxima before I had to buy my Corolla quickly. I was actually looking at the Maxima and the Celica (I know, way different cars), but I didn't have time enough to save up a down payment... I didn't realize monthly payments on the Maxima were that high! I guess this is partially why I wanted to start this thread, though... I wouldn't trade my Corolla for anything in the world (well, maybe a Mercedes), but it's nice to know that my car payments help me like my decision.

[valkyrie]

$298 for the car and $106 for the insurance.

[FAB*SpiceySpice]

Ok so I think my parents lied to me...

I don't have car payments b/c we jsut wrote a check for the full amount at the time of buying it...but my mom is trying to tell me that b/c of my new car my insurance is $3000/year, up from $1500 before. How is that possible when everyone else's insurance is in the hundreds of dollars? Or am I just completely stupid and that's a monthly payment for you guys? I am confused. :o

[peanutttu]

Originally posted by FAB*SpiceySpice
I don't have car payments b/c we jsut wrote a check for the full amount at the time of buying it...but my mom is trying to tell me that b/c of my new car my insurance is $3000/year, up from $1500 before. How is that possible when everyone else's insurance is in the hundreds of dollars? Or am I just completely stupid and that's a monthly payment for you guys? I am confused. :o

i think we are all referring to our monthly insurance payments.

[bluz4]

some of yall are lucky as crap:

2001 vw VR6 $411; insurance $214.

[cutiepatootie]

$167.50 for a 2004 hyundai sonata....5 more month away til it is paid for

i pay way to much for auto insurance! so california rates are outragious!

[ZTAngel]

I don't have a car payment since the car was purchased in full. My insurance runs me about $100 per month.

[CarolinaDG]

Originally posted by bluz4
some of yall are lucky as crap:

2001 vw VR6 $411; insurance $214.

That sounds about right to me, though. When I was looking at a Celica (completely stripped of options) it was $350/month. And $214 considering sports car, fairly new, and I'm assuming you've had tickets and don't have any other things insured with the same company, sounds about right.

P.S.-One of the reasons my insurance is low is because I have renter's insurance on my apartment also through State Farm... My father pays $35/month on my Mom's 2000 VW Jetta b/c he has multiple cars. State Farm gives deductions for more than one insurance line under the same policy (household).

[amycat412]

2003 VW Jetta GLX w vr6 and every available option and no money down $505

Insurance $219

[AchtungBaby80]

$262 a month for a black 2004 Dodge Neon. My parents pay my insurance because they paid my older sister's up until she got married (at age 35), so thank goodness for that. :p I'm trying to refinance and get my payments lowered, though...wish me luck.

Edited to add: My family does the State Farm thing, too--all four of our vehicles are insured with them, and we get some sort of discount.

[smiley21]

when i had a 2001 Toyota Celica, the monthly payment was $458. i have a 2004 Honda Accord now and the monthly payment is just slightly lower, but i rather not say what it is.

[KDLady00]

How much was some of your vehichles?? Mine was 34,900 and we got it down to 32,500 paying cash when we purchased it.

[tld221]

... because i recently acquired a car, and i dont know much about car insurance.

my Geico quote is $141. the car is a 92 Ford Tempo (hey its old but its my first car!). is that reasonable?

[APhi Sailorgirl]

Is that for the year or 6 months? Either way sounds like a great deal from GEICO who can usually be the most expensive behind Progressive.

[tld221]

Is that for the year or 6 months? Either way sounds like a great deal from GEICO who can usually be the most expensive behind Progressive.


... actually that's $141/month...

(NY insurance IS supposed to be expensive right?)

[AlethiaSi]

2005 Honda Civic VP (that means value package ppl lol) its standard, cd player, and air conditioning... roll down windows, manual locks, nothing fancy (but the stereo is actually pretty good and it's a beast and I get 40 miles to a gallon)
I pay $250 a month, but usually there are late fees because I never have the money to pay it on time.
My insurance is like $250/ month.

[Scandia]

Car's paid for. But insurance runs me a little over $600 every six months.

[PiKA2001]

... because i recently acquired a car, and i dont know much about car insurance.

my Geico quote is $141. the car is a 92 Ford Tempo (hey its old but its my first car!). is that reasonable?

No, its not reasonable. I wouldnt pay anymore than $50 a month for PLPD if I were you.

[BetteDavisEyes]

2006 Toyota Camry costs me $340 a month. Insurance is $80.

[Kevin]

Wow. I pay the car off in October @ $250/month (I've been overpaying, I think it's like $225/month).

My insurance is $67/month.

[KappaKittyCat]

No, its not reasonable. I wouldnt pay anymore than $50 a month for PLPD if I were you.
$50 a month for liability-only is cheap in some cases, but the OP didn't say that's what her quote was for. It all depends on...

Where she lives
What her driving record's like
What kind of coverage she's getting
Whether she has proof of prior (constant) coverage

Believe it or not that last one, even if you haven't owned a car before, makes a huge difference. It's just another excuse to gouge you because they can, but apparently people who haven't had constant car insurance are a higher risk, so most companies will charge more.

[AlphaFrog]

Wow...mine's only $50/month for full coverage. I also don't have anything left on my record. My only incidents have been an accident at 16 (not my fault) and a speeding ticket at 17. KNOCK.ON.WOOD.

I have a 2004 Chevy Tracker. My payments are about $235/month.

[LeslieAGD]

I lease a 2007 Saturn Vue. My payment is $249/month. I can't recall what the insurance is per month.

[bamabelle99]

I drive a Toyota Highlander for $531/month - car payment only. That's because I traded in a 2005 Yukon that I was upside down in because the resale value of those stupid things has dropped so much. My car insurance (which covers two vehicles + homeowner's insurance) is $197 a month...for my individual vehicle it's about $65 a month.

[Jill1228]

I drive a 2005 Honda Civic (DH's old car) $450 CDN a month
DH drives a 2007 Toyota Tundra $519 USD/month
The 2001 Kia Spectra is paid off (I did that right before we moved)

Insurance for all 3 is $167/month (the first 2 are full coverage, the last car is only liability). Funny: It cost $100 more a year to insure the Civic than it does for the brand new Tundra. :confused:

[Thrillhouse]

270/month for the car

90/month for the insurance

I can't wait until the car is paid off in December. I just hope my string of good luck with the car doesn't end in December.

[amycat412]

$530 for Saab 93 Turbo

[tld221]

$50 a month for liability-only is cheap in some cases, but the OP didn't say that's what her quote was for. It all depends on...

Where she lives
What her driving record's like
What kind of coverage she's getting
Whether she has proof of prior (constant) coverage



live in NYC (well, Westchester, so NYS)
no driving record (first car, licensed a little under a year)
i believe it is full coverage iwas quoted for (i checked off every box except rental reimbursement)
had no need for prior coverage since it's my first time ive needed coverage

with all that said, i figured insurance would be expensive. but i'm not sure what "expensive" would be. and its an old car, so i thought that would balance it out. i dunno...

[Infamous12]

I have a lease on a 2007 Honda Civic, I pay about $312/mo. (Don't get fooled by the commercial prices, there's a reason they say: FOR QUALIFIED CUSTOMERS ONLY, lol)

My insurance is about $120/mo, which is pretty good considering I still have "activity" on my driving record.

I can't help that I've got places to go, and I take the speed limit as a suggestion and not law. :p

[OneTimeSBX]

i have an 04 ford taurus, $300/mo, insurance is $120...

hubby has an 04 audi A4, $350, damn near $250 in insurance, he has i think 7 tickets hes gotten since we met almost 5 years ago :confused:. he just needs to slow down. oh, and stop hitting people!

[AlethiaSi]

he just needs to slow down. oh, and stop hitting people!


ummmmmm.......... ??? lol

[OneTimeSBX]

ummmmmm.......... ??? lol
well, not PEOPLE per se, just their cars lol! he doesnt do well in icy conditions AT ALL...we need to move to california!

[Glitter650]

I pay 108 a month for ins. on my Ford Focus.... :( I don't think it should cost me that much... but whatev. I have a ticket coming off my record soon, that should help A LOT.

[AlethiaSi]

well, not PEOPLE per se, just their cars lol! he doesnt do well in icy conditions AT ALL...we need to move to california!
oh lol that seems logical now that i think about it :o
if he's got an audi, he should be doing just fine in winter conditions, I had an Audi Quattro 5000S for years and it saved my life many times and I learned how to drive in the snow/ ice.

[Cardinal026]

I pay $519 a month in payments for my '06 Hyundai Tucson, and will be done in two years. My insurance comes to $140 a month, which isn't too bad considering I have like 8 fender benders since I turned 16, oops. :o

[tld221]

live in NYC (well, Westchester, so NYS)
no driving record (first car, licensed a little under a year)
i believe it is full coverage iwas quoted for (i checked off every box except rental reimbursement)
had no need for prior coverage since it's my first time ive needed coverage

with all that said, i figured insurance would be expensive. but i'm not sure what "expensive" would be. and its an old car, so i thought that would balance it out. i dunno...

ok:

Geico: $140
State Farm: $178

now what?

[AlphaFrog]

ok:

Geico: $140
State Farm: $178

now what?


Try Progressive and esurance. They both quote other companies for you as well.

I think the biggest strike against you is that you've had your license less than a year, so they kind of see you like a 16 year old.

My insurance is only affordable because I'm female, married, have a clean record, have been driving for 8 years, and have a multi-car discount.

Could you possibly check with your mom's insurance (if she drives) to see if you could get on with her for a multi-car discount?

[tld221]

Try Progressive and esurance. They both quote other companies for you as well.

I think the biggest strike against you is that you've had your license less than a year, so they kind of see you like a 16 year old.

My insurance is only affordable because I'm female, married, have a clean record, have been driving for 8 years, and have a multi-car discount.

Could you possibly check with your mom's insurance (if she drives) to see if you could get on with her for a multi-car discount?

mom doesnt drive. aunt uses her friend's insurance in Buffalo. dont think my landlord would put me on their insurance...

however, apparently SGRho has a partnership with StateFarm, so i'll follow up tomorrow. and i'll check out Progressive.

[ISUKappa]

Car Payments:
2001 Chevy Silverado HD: $610/month (Thank God it's paid off next March.)
2005 Jeep Liberty CRD: $380/month

I honestly don't know what our insurance is because it's bundled in with our house insurance and we pay quarterly.

[SoCalGirl]

Try Progressive and esurance. They both quote other companies for you as well.

I think the biggest strike against you is that you've had your license less than a year, so they kind of see you like a 16 year old.

My insurance is only affordable because I'm female, married, have a clean record, have been driving for 8 years, and have a multi-car discount.

Could you possibly check with your mom's insurance (if she drives) to see if you could get on with her for a multi-car discount?

Are you an insurance agent?

[AlphaFrog]

Are you an insurance agent?

Nope. I've just had the pleasure (ha!:rolleyes:) of shopping in multiple states several times for several different cars. I've shopped for/insured a Plymouth Sundance, Pontiac Bonneville, Chrysler Cirrus, Chevy Aveo, Chevy Tracker, Pontiac Montana, Ford Ranger, and compared rates for my parents' motorcycles. I've gotten tons of tips on how to save money from our Nationwide agent, who we're now using. I got us a package deal, and we save a ton of money because all of our cars/motorcycles are on the same plan, we're all married, and we all have clean driving records. Well, except the ticket my mom got last month. That's probably going to jump her insurance up.:p:p

Ok, now that I've just rambled on like a Progressive commecial, I'll stop.:p:o

[scbelle]

I don't have a car payment anymore, and I pay approx. $76 a month for car insurance for the hubby and myself. That's on liability only in Germany. I'm not complaining! :D Most of my friends easily pay $200 a month on comprehensive, but they have newer cars, and I'll venture to say spottier driving records.

[RU OX Alum]

the payment is 33? like amlost 340 but i just round up and pay 350 because it will get a little quicker (not much) and it makes the math easier

it's for a 2007 rabbit with warranty

its around 85 for insurance, which isn't so bad i guess

[_Lisa_]

I have an '04 Saturn Ion, my car payment is $196/month & my insurance is $60/month for 5 months to cover a 6 month time period (I've got full coverage.) I got a lucky break on my car payment, my interest is 2.25%.

[amanda6035]

When I was looking at a Celica (completely stripped of options) it was $350/month.

I have a 2003 Celica GT. I have 2 more years to pay on it, $442 a month (ouch....I got a ton of add-ons, though) but my insurance is only $77 a month.

[SoCalGirl]

Try Progressive and esurance. They both quote other companies for you as well.

I think the biggest strike against you is that you've had your license less than a year, so they kind of see you like a 16 year old.

My insurance is only affordable because I'm female, married, have a clean record, have been driving for 8 years, and have a multi-car discount.

Could you possibly check with your mom's insurance (if she drives) to see if you could get on with her for a multi-car discount?

Nope. I've just had the pleasure (ha!:rolleyes:) of shopping in multiple states several times for several different cars. I've shopped for/insured a Plymouth Sundance, Pontiac Bonneville, Chrysler Cirrus, Chevy Aveo, Chevy Tracker, Pontiac Montana, Ford Ranger, and compared rates for my parents' motorcycles. I've gotten tons of tips on how to save money from our Nationwide agent, who we're now using. I got us a package deal, and we save a ton of money because all of our cars/motorcycles are on the same plan, we're all married, and we all have clean driving records. Well, except the ticket my mom got last month. That's probably going to jump her insurance up.:p:p

Ok, now that I've just rambled on like a Progressive commecial, I'll stop.:p:o

So you realize that your advice, in green, doesn't hold true everywhere? In certain states age matters over experience, in other states experience is the most important. When I was a licensed insurance agent and had to occasionally do quotes in NY, age mattered more than experience. In CA the opposite is true.

[AlphaFrog]

So you realize that your advice, in green, doesn't hold true everywhere? In certain states age matters over experience, in other states experience is the most important. When I was a licensed insurance agent and had to occasionally do quotes in NY, age mattered more than experience. In CA the opposite is true.

I would think that it would depend more on the insurance company than the state...are there state mandates for that sort of thing? It doesn't seem like something a state would regulate.

But, then again, NC is the only state in the union where your health insurance can't be changed during the year due to your age putting you in the next bracket, it can only change at contract renewal time. So, I guess states choose to regulate random things all the time.

[KSUViolet06]

My car was a gift so 0$, but my insurance is $120/month.

[SoCalGirl]

I would think that it would depend more on the insurance company than the state...are there state mandates for that sort of thing? It doesn't seem like something a state would regulate.

But, then again, NC is the only state in the union where your health insurance can't be changed during the year due to your age putting you in the next bracket, it can only change at contract renewal time. So, I guess states choose to regulate random things all the time.

Yeah the states mandate that. In CA the theory is that driving experience is obviously a better indicator of your risk factor than your age. IMO, the eastern and especially north eastern (NY,NJ and further north) are insanely up the insurance companys butts about how to do anything and everything.

Another interesting state is Montana. We were forced to rate EVERYONE as a single Male under 25! Even playing field is one thing but should your married mother have the same rating factors as you 18 year old brother???

[tld221]

Progressive was $180/mo! no way to that!

but, i went back to Geico's site and clicked off the minimum for everything and if it allowed me to decline, i did. so now my quote is down to $94/mo, which is doable, since my gym membership is around the same and i dont even use it. sigh.

but i dont know if that was the best thing to do - i was told that all i'd really need is liability (not by Geico but from asking around).

so :confused:

[SoCalGirl]

Comprehensive and Collision pay for repairs that cost more than your deductible but less than the value of your car. If your comfortable paying out of pocket for repairs or replacement of your vehicle, and you don't have a lienholder, then comp and coll are not the best choice.

Another thing to keep in mind is picking a deductible that you could afford to pay out of pocket. I handled countless claims where someone picked a $500 deductible because the premium was cheaper but could not afford to pay it and get their car fixed. :rolleyes:

When I purchased my own policy I went with a deductible that was half of the max I was willing to pay out of pocket because I also handled many claims where people seemed to have accidents back to back. If $500 is difficult to come up with what are you going to do if you need $1000?