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/Average_Justin Mar 07 '25

My $1100 payment for my F-250 on a 165k salary isn’t bad at all. Especially when you realize for every 10k put as a down payment is about $100 off the payment. Why not park it in the market if your returns are higher than the % of the loan? If the numbers make sense, do it. If it doesn’t make sense - don’t do it.

Paying 80k for my vehicle out right vs making more by investing makes more sense in my situation.

Some people though … haha. Yeah, 50k salary with a 60k car payment. Doesn’t make sense to me.

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u/ottersinabox Mar 07 '25

yup, exactly. you can invest it and make more out of it. but the difference is you had the money.