Is $530 a month for a car too much? That amount includes the insurance.....

Question

Is $530 a month for a car too much? That amount includes the insurance.....

Answer 1

Depends on the car and what you earn.

Even if its a great deal for hte car, but $530 is a big chunk of your net monthly income, its a deal to avoid.

Answer 2

OK if you make $5,000 a month.

Answer 3

This amount is pretty average for most brand new "sporty" cars being financed. The question is can you afford it?

Call around get several quotes, and choose one that is best for you.

Much love always,

Temari  

Answer 4

I dont know, is it?

depends on how much you make, how much your iunsurance is, how your credit is, what kind of car it is, silly!!

Answer 5

that's alot of money for car payments! it's average for bimmer though

Answer 6

It depends what car it is. If its a Porche then GREAT! but if its a banger then, tooo tooo much

Answer 7

Hey Ace, it's pretty average actually. Especially if you're an inexperienced or young driver.

Answer 8

I'd pay $500 a month including insurance, but only on a mustang or similar class vehicle. I currently pay just $265 for the car, but in SC f****** full coverage insurance is about $190 and of course.....required.

Answer 9

Holy smokes, what kind of car.  I can get a Caddy for less than that, with insurance!!!!

Answer 10

How many years is that for? If it's less than 40 years than that's definitely peanuts, go for it  

Answer 11

depends on how much you earn.  that's a lot of money and if you have to ask you probably don't earn much.  If I were young I'd be looking at $300/mo max and drive something small and fuel efficient, used if need be.