How Much Did Your Car Cost?

I Just Bought A Camaro!

Dang, don’t I wish that was true! No, I didn’t buy a Camaro, but I know someone who just did. I overheard one of my department’s director brag about how he just bought a brand new Camaro! He’s picking it up on Thursday.

His team members (direct reports) reacted by saying “That’s awesome!” “Super Cool!”

A quick Google search online for “Average costs of a Camaro” brings up an average range of $23,345 – $60,546.

I wonder if I could ever spend that much money on a car. I know even looking at the price tag of a $20,000 car scares me. This fear led me to buy a used car with 58,000 miles. Even then I cried a little inside when I exchanged the money for the car.

It’s not rare to see Directors at his level drive really nice cars. Well, actually it’s not rare for anyone to drive really nice cars. I know several people at my level who drive really nice Range Rovers, BMWs, and pickup trucks. This actually always surprises me because I don’t think I can afford a really nice Range Rover. I can’t imagine what the car payment and insurance alone cost.

I’m really lucky to have friends who are really savvy. I wouldn’t have it any other way! Since all of us are footing all our bills, we drive affordable, used cars. When we do buy new, it’s always looking at how much we can afford. If you can afford a nice Camaro, then go ahead, buy one. But I often wonder how many people can really afford those really nice cars. Especially really young people like myself.

I know my hubby dreams of owning an Audi. Right now that dream is just a dream. No way can we afford an Audi right now! I don’t really have a dream car. I love my Honda Civic! It’s gas efficient and super nice. Despite the huge scratch on the back bumper – I accidentally hit a pole while attempting to back into a parking spot – I have asked for a quote to fix it, but have yet to do it. It’s not a necessary expense right now.

How much did your last car cost? Is it financed or fully owned?

Chevrolet Camaro Bumblebee  from the Transformers

Chevrolet Camaro Bumblebee from the Transformers (Photo credit: Paladin27)

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  • Our last car was mine 3 years ago. We paid $13.5K most of which we financed at a decent rate through our credit union. We were big on keeping cash available then for RE investments, but now that’s done, so we paid the balance off.
    Hopefully it’s our version of a forever car and we’ll keep it a very long time!

  • I paid $13,000 for a used Hyundai Sonata when my Nissan Altima which I had for 10 years was becoming unreliable. It is fully owned. Most guys have a dream car, and I have plenty of friends who need a new car every few years. I’m a very practical person, I just want a car that gets me from point A to point B. I don’t care too much about showing off. I just want it to be reliable…the new car excitement wears off soon (while the car payment lingers…)

  • Woo for Civics! Mine is a 2002, and I bought it 4 years ago for $6k. It was over my budget, but I also didn’t think I would find a Honda that cheap with such low mileage. I definitely don’t regret it, it’s a great car. I’m keeping it until it dies (which is hopefully not soon as I only have 80k miles now). My boyfriend would also love a sports car (I wouldn’t mind it either) but that is definitely just a dream.

  • I bought my current car brand-new from a dealership almost three years ago. I don’t regret that at all. It cost about $21k including all the fees. It’s a sub-compact and gets great gas mileage. I don’t drive much (< 5,000 miles/year). The last time I took it in for an oil change, the mechanic told me I'd have the car for a long time, lol. My plan is to hold onto it for another 10-15 years, but we'll see how that goes, at which point having bought new won't be such a big deal.

  • Your Daily Finance

    My last car just cost me $800!! And I wouldn’t have it any other way. It gets me from point a to b and drives very well. I just don’t like have car payments.

  • I paid just over $100, but that was all the legal fees for title and registration, for our Ford Focus. Essentially it was free from my mom!

  • When I was younger, I dreamed of owning a fancy car. I’m the kid who had car posters all over my walls.

    Now that I can afford just about any car I want, the desire is gone. I still love cars and subscribe to 3 car magazines, but the thought of flushing that much money down the toilet makes me crazy. I’d rather put those dollars to work than trade them in for a shiny piece of depreciating metal.

    We have a 2003 Honda Element (130,000 miles) and a 2009 Mazda 5 (quirky mini-van looking thing with 65,000 miles). Since I telecommute, we only really need one vehicle, but they are both paid for and not worth much. Also, insurance is cheap. We don’t anticipate buying another one for at least 15 years and it will most likely be used.

    Tell your hubby to forget the Audi! A Honda or Toyota will be more reliable and cost waaaaaaaay less to own and maintain. One example: Our Element needed a new windshield. It cost us about $175. My friend’s german car needed one; $800+! Forget that!

  • I own a 1995 Nissan Maxima, it isn’t that pretty but its clean and takes me from point a to b. We are thinking of upgrading to a 2005-2007 Nissan Murano but I can’t imagine paying more then 10k for a car. I once owned a 32k Mercedes and it was a nightmare!.

  • We have a camaro, and it’s a 2SS, meaning that it’s one of the more expensive ones. It’s expensive, but I don’t regret it one bit!

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