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.
You sure about that? A $7k car expensed over 18 months plus insurance and road tax is ballpark $450 /mo. That omits maintenance and fuel but conversely also underestimates how long the vehicle will be kept on average. Depending on where you live parking will range from free to potentially more than $100 /mo.
If you manage to stretch $10k cars out to 5 years on average with zero maintenance it's less than $200 /mo but ... no maintenance in 5 years?
I think $300 /mo plus fuel and parking is probably a reasonable estimate for frugal behavior.
There's no shot that number isn't being driven up by people purchasing more car than they need. You can get a used car for $10,000 or less, there's no reason one needs to pay $500/mo.