phew, thanks for clearing that up. Well i was reading post, and i saw someone talk about the 4.57 gears....can i do that mod with the I/H/E and get good results?

alo what does the 4.57 gears do..and does it affect the car in a bad way?

 

The "never put any money down" really only applies to a lease. And even then, its not the end of the world to put a down payment down on a lease.

Putting money down on a financed vehicle is a great idea.

 

yes, it is wise to put money down on a loan, not a lease.

with a lease, you do not own the car, so if the car is totalled the next day you are out the money.

with a loan, anything you put down lowers your loan, and the montly payment. when interest was higherf (7-8%) it was wise to put money down as you didn't have to borrow at the high rates. the rate on my S is 3.9%, which is really low that the interest costs are really low and thus down payments really don't seem as important.

 

Even at 3.9%, assuming the car is $30,000 and you finance for 60 months, total payout is a little over $33,000. $3,000 is still a nice chunk of money.

Some manufacturers offer 0% or 0.9% financing. In that case, it makes a lot more sense.

I would say, as a general rule, that the less one finances the better.

 

Finance as little as possible -- a car is a depreciating assest -- why pay for the cost of credit and the depreciating costs of the car at the same time.

 

good choice

 

thanks man!, i can't wait to get the car....i think it's exactly 2 months left, i'll do alot of research about mods meanwhile...i love it