Oh heck yes.. I never heard of a payment that high.  My son has a $1000 payment each month on a new 2015 Ford F350.  That's even unreal to me.

Yepper.  It is for this kid.  I'm a saver.

Yes, it does.  I wonder if most who buy those pay for it this way or in cash.  How much is the mortgage payment? 

Here, this would be lower than most mortgage payments, but for rest of US prob. the opposite.

For me it is. If I was Bill Gates, I suppose not.

It is all relative. If a person can cover the payment and still have plenty of regular income; that is then a personal choice. Personally, absolutely too much!

I think that any car payment is too much.

that's absurd.....the highest payment I've every had was $620/month.... but I usually pay cash for my vehicles.... 

2 Answers:

1. (Mine) My house doesn't even cost me that per month so, YES!

2. (Jim Rohn's) "Things don't cost too much, you just can't afford them yet."

It is all relative, pre recession times when I was living the high roller lifestyle my car payment was $1400.00 a month and i didn't even blink..now very different.

Where was he when I was in auto sales!

If he can afford it; it is his business.

Good Monday morning Joe. I would imagine if they have an income of high six figures that would be no problem.

Any car payment is too much.  

It depends on your income.

Joe Petrowsky Based on what you say about the mortgage payment, it appears to be relative. On the other hand, I think it is a but much.

It depends on many factors.  If you ignore the portion about the Porsche, it could simply be a person who has a roughly $24,000 car loan and is paying it off over one year rather than 6 to 8 years on a loan with open terms.

I do not believe in leasing cars.  If it's financed at that rate it's just stupid unless their income is well into the upper 6 figures and in that case, buy the car.

I think that would be a bit much for a house payment.

Yes! I prefer not to have a car payment at all. 

My wife always says with a car payment like that, she better be able to LIVE in that vehicle!  Makes my lender's mind spin, Joe Petrowsky ...

Gene

It's probably the German in me, but my first luxury car was paid for in cash, when I had to make payments on cars they were always reliable, new, but I'd say responsible. 

Trust me though all those years of driving a Nissan, Toyota then finally a VW making the jump to luxury with cash, it feels great. Plus no stress of a huge car payment like that. Imagine you had a bad month.

It's all relative Joe, just as the car can take you places it depends where you are and where you're going. I've seen much, much higher payments than that.

Yes.  Enuf said! but thanks for telling us what the car was.  seems high doesn't it? 

Too much for me. That's enough to buy 3 or 4 decent cars.

Yes, that is way too much for an item that depreciates.

Per opinion.  Do I personally think that?  Yes, if you can afford to drive a car with that kind of payment, you should be able to afford to buy it cash.  Depends on the persons SES (Socioeconomic status).

Not if you can afford it.  But if you are buying for image only and not living up to  the rest of your financial responsibilities then it is too much

In my opinion, yes. Buy a house, 2 or 3 for that matter.

If I had that much money to spend, I would use it to help others. I can think of other "nice" vehicles that don't cost nearly as much.

Yes.

I suppose it depends on the person. For me, that seems like a waste of money, but maybe not for whomever that is their priority.  

I think a car payment over $800 is crazy.  I payed cash for my last car and it is 12 years old.

I guess if you made about $50,000/month it wouldn't be that bad..but then again, why would you need to finance??

Depends upon the buyer.  Some people would not blink at it; but if you ware looking for john q public reply...yes.  Most would consider it extravagent and covetous, but then again, it is!  lol!

Many people would think that's too much for a mortgage payment, but we all know people who are paying much more than that.  That's why there are tents, mobile homes and megamansions.  Different strokes for different folks!