lebvette

Good one.
I financed a couple of years. Their money was pretty cheap. I paid a lot down, but I still owed on my house, so I would rather put the extra money on the house rather than a car.

subseawellhead

I pay 6,709.85 a month for 3 years.

I win

5W30

Almost $900. 0% interest gm financing 5 years. I'd have been a fool to pay for the car.

dvilin

billyboy47

well, you just met a fool.

5W30

No disrespect intended at all. I'm sure we can both understand each other's reasoning.

1rusty1

That's not a bad idea. Use the banks money and keep your cash in investments. To some 900.00 a month seems like a high payment but it's all about the disposable income each month. If you make enough or have no other payments, 900.00 isn't a big deal.

jbc1995fb

I agree.

This is the best answer. Then when people actually give their real payment amount other people bash them.

If you can pay cash for a car, good for you. Other people, including myself borrow the money.

Isn't it really all the same? If someone chooses to pay cash for a $54,000 corvette, how long is it going to take that person to replenish their savings of that $54k. Aren't you just making a payment to your self, while losing interest from the bank?

c1j1c2

I was lucky enough to be able to pay for mine in cash. Couldn't do that again, but was able to with this one.

RKInIL

$380 @ 5 years 2013 Convertible

Nosferatu

Not always true. Before I even comment further, my Vette is my daily driver so it's hardly "just a toy." For example, I make payments on mine of around $560/mo. I can pay the car off tomorrow if I want to. I don't because I'm using the money elsewhere to slam away my house payment I'm about to get hit with on purchasing my first home. The interest rate is so minimal on the Vette it doesn't make sense for me to pay it off...yet.

It's all about economic strategy. Even through the entire 5 year loan I only am accumulating about 1800 or so in interest. I assure you the house payment accrues a lot more in 5 years than that. Which would you pay off first?

billyboy47

0% is excellent! mine was 3. something, forget exactly how much. i think i wouldn't have paid mine off if i had 0%.

jedblanks

The people who paid cash don't really belong in this discussion.

They belong in a discussion of better places to invest 10's of thousands of dollars. At today's rates, it makes no sense to pay cash. Interest over a 5 year loan is less than a grand. Surely you can find a place to earn a grand on on 30k - 50k over five years.

Oshuwah

This is the truth. Math never lies. Banks money at 0-3% (GM is at 0%, my CU is at 2.49%). Stick your 60k in a mutual fund for 5 years and earn 8% in a bad fund.

Gering

+1

Gering

Well said!

Gering

wlean99

[QUOTE=Don-Vette;1586680567]In the grand scheme of things. Who really gives a F#&k? Threads like this and others about how much you make are really like a nosy neighbor to whom I would say,**** off![/QUOTE
yeah really whats the POINT

5W30

[QUOTE=wlean99;1586743940]No no really, what's YOUR point? First trip to the internet?

ParkRat

$485.00 for 5 years. I pay extra and it should be paid off in a year. I bought my 2007 3 years ago.

I'm okay with having 1 car payment and a mortgage. Nothing else though