Struggling to settle in a price point for a monthly car payment...pay $600/mo for student loans & $1k on rent - on staff salary. How much do others budget for their vehicle?

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Take the bus and get a used car and pay it in cash. Half, if not more of your income is going to 2 things. Last thing you want is another obligation

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Depends on what your priorities are. I personally love my car. I don't go out often and am okay putting "play money" into a car. The smile my car puts on my face is what keeps me going in PA... no lie.

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I drove my crappy hand me down car from high school until it was about to die and I had enough savings to buy a small used car with cash. No monthly payments here 👌🏼 Otherwise I budget $90/mo for gas and $75/mo for insurance.

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I am with EY. Had 220k miles before buying another car with cash.

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There is only two kinds of Jeeps, a Wrangler and a Wrangler Unlimited. Further, if it is AT it is not a Jeep. I have a 16 Unlimited not peasant shit like a Compass.

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430 on my jeep. I own though

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How is it brilliant? He has nothing to show for it once his lease is up. Like paying rent on a penthouse with nothing to show for it once you leave.

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^ hater. I don't care to lease - I like switching up my cars. Mazdas are great cars. Got a crossover for its utility and AWD capabilities for NYC weather. My next lease will be an Audi Q5 which I'm super stoked about

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What other expenses do you have? List them all out and find what you have left. Any other debt i.e. CC? Food? Laundry? Discretionary? Savings?

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$325 for Mazda CX-5 suped up/ $160 for insurance . Lease is 36 months 12k miles a year

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^ This is brilliant. I don't think car payments should be more than $400/month.

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You don't care to buy you mean? ^

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You can lease something like a Honda Civic for 0 down, 99$/month with 12k miles.

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$200/month for a lease payment on a 17 forte. $130/month for my car insurance. $40-60/month on gas depending on driving habits so I split it and bake in 50/month for gas. So about 380/month for my car. I don't include discretionary expenses in this or annual payments like oil changes.

$168 car and $100 insurance/mo.

Dang how is everyone's car insurance so high? We have full coverage on 2 vehicles, liability on two vehicles, and insure a boat and snowmobile for less than 125/month

No way I could have a 12k minimum for miles on a car. Too much travel for work!

Get rid of the loans before you buy that beemer.

@ EY 2: it's brilliant because it's a Mazda. Some cars are more than the sum of their parts.

$359 Honda accord - $5k down

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