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Who has a 470/mo. car payment? Ok with that??


Question: Or is that a crazy amount? Whats the norm out there?
Answers: geez i hate car payments to me yes that is a lot of money but to others that may be a drop in the bucket as long as you can drive that ride. Id get sick of the payment myself. I never buy new and I get it paid off quick.
honestly i dont think thats crazy, i recently finance a 2007 2500 Chevy Silverado and im paying 799/mo. Not that is crazy, but i can handle the payments so its cool. So if u can handle paying 470/mo. than go for it, you only live once so live it up.
I'm not sure, I live in NY so I don't drive, but i share a 2 bedroom apt. My room is 1300 per month. But since i don't have a car payment, I guess i have a higher rent. My travel on taxi are usually under 250 per month. 1550 is my cost. For you it would the Car payment, Gas, Car insurance, and rent. IF all of that is higher than 1550 than i think you are paying too much. FYI did you know the most expensive parking lot in the US is in NYC. they are priced at 225000 for the parking space. Now that is crazy...
It all depends on your income. Just don't stretch your budget too far because you need to have some money leftover for insurance and maintenance (not to mention fuel, registration, bridge tolls, etc.).


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