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Tell me about it. I'm in between cars at the moment, and getting a $500~$1000 beater is more trouble than its worth at the moment because it'd be $200 in lyft f

by kinos 8y ago

Tell me about it. I'm in between cars at the moment, and getting a $500~$1000 beater is more trouble than its worth at the moment because it'd be $200 in lyft fees, $75 in paperwork fees, and all the places necessary to do the paperwork are open on different days. I'm spending $300 a month on lyft because of it.

randyrand 8y ago
just fyi, $300 a month on Lyft is much cheaper than the average car (~$750/month) - though not an apples to apples comparison.
- cableshaft 8y ago
  I think that estimate might be a bit high for most places outside the west coast. I'm in Chicago, and I'd estimate it at about $300/mo for payment + ~$100-150/mo in gas + ~$60/mo insurance + ~$100/mo savings for maintenance (not necessary if leasing) = ~$460-610/mo). And you can probably find a cheaper car payment than that if you're not getting something quite so new. But it's still more expensive than people might think. My girlfriend thought she was going to save a bunch of money by getting a car instead of taking Ubers to work and I had to break it to her that since she was spending about $500/mo on Uber, getting her own car wouldn't save her much, if any, money (but at least has other benefits). She was expecting it to save her at least $200 a month, which would have covered just the car payment.
  - Hydraulix989 8y ago
    Why not get a used car? Or a base model? $500/month seems pretty high for a car payment. I was paying $350/month for a Volkswagen Jetta with the highest trim package.
    - cableshaft 8y ago
      I said $300/mo for the car payment. It got up to $500/mo with gas, insurance, and maintenance. If you're referring to where I actually said $500/mo, I was saying she's spending that much per month on hiring Uber/Lyft rides to get to and from work. Keep in mind, that Uber cost effectively already prices in gas, maintenance, and insurance for the Uber driver, which are costs she'd have to make that she wasn't really considering when wanting to get her own car (or at least didn't realize how much it all costs). I bought a used car and I'm paying a little under $300/mo in car payments (one more year and it's fully paid off). My girlfriend was looking to buy a much newer, but still used car (or lease a new car, she's still undecided), and was looking at roughly $300/mo for car payments either way.

by kinos 8y ago

randyrand 8y ago

just fyi, $300 a month on Lyft is much cheaper than the average car (~$750/month) - though not an apples to apples comparison.

cableshaft 8y ago
I think that estimate might be a bit high for most places outside the west coast. I'm in Chicago, and I'd estimate it at about $300/mo for payment + ~$100-150/mo in gas + ~$60/mo insurance + ~$100/mo savings for maintenance (not necessary if leasing) = ~$460-610/mo). And you can probably find a cheaper car payment than that if you're not getting something quite so new. But it's still more expensive than people might think. My girlfriend thought she was going to save a bunch of money by getting a car instead of taking Ubers to work and I had to break it to her that since she was spending about $500/mo on Uber, getting her own car wouldn't save her much, if any, money (but at least has other benefits). She was expecting it to save her at least $200 a month, which would have covered just the car payment.
- Hydraulix989 8y ago
  Why not get a used car? Or a base model? $500/month seems pretty high for a car payment. I was paying $350/month for a Volkswagen Jetta with the highest trim package.
  - cableshaft 8y ago
    I said $300/mo for the car payment. It got up to $500/mo with gas, insurance, and maintenance. If you're referring to where I actually said $500/mo, I was saying she's spending that much per month on hiring Uber/Lyft rides to get to and from work. Keep in mind, that Uber cost effectively already prices in gas, maintenance, and insurance for the Uber driver, which are costs she'd have to make that she wasn't really considering when wanting to get her own car (or at least didn't realize how much it all costs). I bought a used car and I'm paying a little under $300/mo in car payments (one more year and it's fully paid off). My girlfriend was looking to buy a much newer, but still used car (or lease a new car, she's still undecided), and was looking at roughly $300/mo for car payments either way.