Monthly Payments!

[bsquaredMTB]

Hi all,
I just saw a reel on the gram from Toyota Lifestyle where they were asking their employees what their monthly payments were on their vehicles (not all tacomas). It got me thinking, "I wonder what people are paying out there".

I'll start with mine. I recently refinanced to 4.99% for 5 years. I'm paying $537 a month.

I'm just curious how much people are willing to pay for our new trucks. Hopefully this isn't too intrusive. If it is, just don't post

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[crepr12]

Zero...

 

[Compy386]

$0/mo here. I put 50% down at purchase and financed the rest at 6.11% for 60mos, which ended up making it right around $400/mo. (this was June of 2024) - I just ended up paying it off after 10mos. I'd rather give those payments to myself for a high-yield savings instead.

Gotta start saving now for that 5G Tacoma.

 

[bsquaredMTB]

Yeah I'm definitely trying to pay mine off sooner than later. Hopefully I can get it paid early!

 

[gpburdell]

$650/mo into investment account - I paid off my 3rd gen in late 2020 and kept making "payments"

When I buy a 4th gen, I'll finance or pay cash depending on financing rate vs. investments return on the money I've put away.

 

[Vidman]

Haven’t had an auto loan since 1987. Just can’t see giving someone all that extra money

 

[timetoeatpotatoes]

When interest rates were lower you could take the loan, invest what you would have paid and come out on top with returns.

harder to do that now.

 

[gpburdell]

When interest rates were lower you could take the loan, invest what you would have paid and come out on top with returns.

harder to do that now.

Yet not impossible, especially if you can get a promo rate such as Southeast Toyota's current 2.99% 36mo promotional rate right now, and three year CD rates are as high as 4.32%

that assumes excellent credit, and of course if one's willing to take some short term risk, something like QQQ provides much better return over a longer time (16.95% ten year average annual return).

 

[maxx075]

Haven’t had an auto loan since 1987. Just can’t see giving someone all that extra money

You got a mortgage?

 

[Airborne]

Zero, Ordered my truck, picked it up and wrote check, At this age,in life im able to do that, do understand others have family,mortgages and a new truck ks a big nut to add to the monthly budget, after having past truck for 12 years i just saved money , seen the 4G and ordered it
David

 

[TX-BluStreak]

ZERO...paid it all off the day I picked up the truck.

 

[Vidman]

You got a mortgage?

Nope..paid that off around 1995.. Don’t have any loans on anything i have

 

[maxx075]

Nope..paid that off around 1995.. Don’t have any loans on anything i have

Ah you're one of those old timers that has it easy and got all your shit paid of before y'all wrecked the economy. Lucky you!

 

[crepr12]

Nope..paid that off around 1995.. Don’t have any loans on anything i have

Ditto...did that in 2020...

 

[bluecrush.taco]

lol the amount of grandstanding from those who didn't have to to finance their car is hilarious. As if that makes them a better or smarter person. If you're privileged enough to have no debt, at least recognize that's hardly possible now, compared to 1995. Cost of living is so high that the majority of people can't save up to buy a used car outright, let alone a new one. The system is set up to keep you in debt.

Also, I don't know what the point of asking is. Monthly payments are wildly different based on the car, the interest rate, the down payment, the trade in, the taxes. One person $500 payment is not the same as another.

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