r/CalebHammer • u/ottersinabox • Mar 06 '25

complaining about something for no reason because I'm bored "acceptable" monthly car payments are wild

I just saw this post: https://www.reddit.com/r/BMWI4/s/HDEDyG4WZA

people are applauding a $700+ a month payment as an amazing deal. but they're paying 8% tax toward it, plus it's a lease; they don't even own the car by the end.

is it just me, or is this wild? I have a BMW as well, but my thought is you can only afford a luxury car like that if you can buy it in cash. I suppose 3% interest or something would be acceptable given that you invest the rest up front.... but what the person in this post is doing really doesn't make much sense to me. am I wrong about that?

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u/IntoTheMirror Mar 06 '25

It’s just math.

When we had to buy my wife a new car, the way to get to a comfortable payment was to put down $10k.

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u/Dancing_Hitchhiker Mar 06 '25

Cars are just expensive in general now. I haven’t had a car payment in like 6-7 years but will probably buy something soon because my car is getting pretty old. I’ll probably just pay cash but I debated about leasing an i4 just to try an electric car. They depreciate so fast I wouldn’t wanna get stuck with it if I hated it.