Average Monthly Payments for a Used Car

Video Transcript

"ERIK RINCON: Hi, this is Erik for ExpertVillage.com. Today, we will be talking about how to buy vehicles here at Inland Empire Auto Center. How much can you expect to pay as far as the car payment? Well, payments range from anywhere from $200 to $250 to $300 based on how much of a down payment you actually put in down, how much you're financing over a length of time. It could be anywhere from three years to five years to even 72 months financing which is six years. So based on your term, you can go for payments of $200 up to $500. It depends on how much you finance in the vehicle. Well, a typical, average car payment right now in the market is about $200 to $250, you know? Compact vehicles, anything for a price range of about $10,000 or under. We have a couple of price ranges from vehicles, from a nice, flashy vehicle that you'll be paying about, maybe $300 to $400 a month, from having a typical flashy vehicle that's a lot more sporty, compact. A flashy car, pretty much, distinguish a little bit of what you want to drive. Some people just wanted to drive an ideal vehicle from point A to point B. For those people that want to have a nice, flashy vehicle, you know, flashy vehicles cost a little more money, but then again, you represent yourself with more elegant."