Comment by timerol

The average monthly payment for a used car in the US in 2025 was $532, according to https://www.experian.com/blogs/ask-experian/average-car-paym.... This does not count insurance, taxes, parking, or gas.

A status symbol will easily run you $1000/mo. I currently pay $350/mo (including cost of capital), and I don't know how I would pay less for a car that's not actively falling apart. Chevy Spark, manual transmission, $7k KBB value, averaging 500 miles per month.