I'm guessing that people on this site aren't getting loans...
The past 5 years my auto loans have ranged from 0-1.9%...doesn't make much sense to not take the loan. The money literally costs nothing and can be invested elsewhere.I'm guessing that people on this site aren't getting loans...
A dealership asking favors. I love it!Only car I’ve had a loan on in years was the C7. Borrowed $7,500 to get the $1000 rebate for financing through GM. Paid it off the first month. The finance guy wanted me to keep the loan for at least 3 months so they’d get paid but the dealer screwed around with me too much so I didn’t want to help them out.
Only car I’ve had a loan on in years was the C7. Borrowed $7,500 to get the $1000 rebate for financing through GM. Paid it off the first month. The finance guy wanted me to keep the loan for at least 3 months so they’d get paid but the dealer screwed around with me too much so I didn’t want to help them out.
I think getting cars expensive enough relative to your income to need a loan is kind of a bad idea if you can work on it yourself. But my wife thinks differently, and as long as the interest rate is super low then its not too bad of a financial decision as long as you keep in mind the what the total cost is. We never talked payments for our Outback with the sales guy, and we were just going to slap the car on our home line of credit, but that interest rate is a bit more than 1% so we took the loan.I'm guessing that people on this site aren't getting loans...
Not remotely...I can easily spend that on takeout/restaurants during normal times.Just curious: is a $500-$900/mo monthly payment a significant part of your overall monthly budget?
Just curious: is a $500-$900/mo monthly payment a significant part of your overall monthly budget?
Exactly. That’s why I chuckle when folks on this forum groan about a car payment.Not remotely...I can easily spend that on takeout/restaurants during normal times.
You don't need loans to buy surplus Crown Vics............I'm guessing that people on this site aren't getting loans...
It kind of is for us, both of us are paying into decent pensions at work, and then trying to save like a $100k each for the kids for university. We did self funded leave in 2019 and went on vacation for 6 months to Australia and New Zealand. Also trying to save a bit more to retire around 55 while still doing some travelling... Kids sports and summer camp adds up too, plus we get taxed about the same or a bit more as California I think.Just curious: is a $500-$900/mo monthly payment a significant part of your overall monthly budget?
This is BITOG, where many members have a superiority complex, including ME!
Take it from me, a well off Jew that pays cash and knows a thing or three.
Watch this video if your a cash buyer.
Mine was paid with cash the very 1st day ($16,223).