A simple Answer TO yOUr Question
What is a realistic monthly car payment for a recent graduate in NJ?
A realistic target for recent grads in NJ is $250–$350/month all-in (payment + insurance). Entry-level sedans and compact SUVs from Honda, Toyota, and Hyundai regularly lease in the $250–$299 range. Budget at least $150–$200/month for insurance as a new or young driver in NJ, where rates are above the national average.
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The Smart Buyer's Guide to Leasing vs. Buying in 2026
Discover:
✓ When to lease vs. buy
✓ Hidden fees to watch for
✓ Tax benefits for business owners
✓ Current manufacturer incentives
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