im a college student and pay 493.40 for mine i think im on my 17th payment.

 

I traded in my 2000 Prelude for it. 15K trade for the Prelude, minus the 3K still left on that note, plus 1500 cash = 13500 down payment. 3.9% interest for 48 months, and my payments are $475/month.

 

cash, if i can't afford it , i won't buy it

 

Wrote a check the same day and paid it off.

 

This will be the last car I finance. The guys above have it right paying cash for their cars. I'll be putting 13,000 down. If I buy new, my payments will be 400ish for 4 years. (I plan on having it paid off sooner.)

 

I wrote a check for mine... Title came in the mail about 2-3 weeks later.

I ended up selling three cars that I had at the time to get most of the money. One was a Miata, which I wouldn't need any more, the other was an M3 that was an electrical headache for me, and the other was my trusty beloved '98 GS-R.

 

I got a pretty healthy reenlistment bonus from the military, almost $38,000 tax free. I would have paid cash, but financed $20,000 with $10,000 down instead and here is the reason why. The cost of my loan as far as finance charges over 60 months will be around $3,500. I figured I could make more than $3,500 over 60 months if I invested the $20,000 in Mutual Funds. Well so far it has worked great. Ask just about anybody with mutual funds, last year was a good one, especially after 3 years of poor returns. I have 3 different funds that averaged around a 38% gain last year, which pays off the interest charges and then some. I actually have more money by financing than by paying cash! Goes to show sometimes paying cash isn't the best way to go!

 

I didnt go looking at one until i had the cash, and saved for about 3 yrs to get one. Then found one and bought it outright.It was hard to let that much $ go at once but i Love my S. I hate car payments!

 

That's a nice way of paying off the finance charge.

I put about $7500 down, took a 60 month loan at 3.5% and I'm planning to do what BBY2KS2K is doing and I'll probably even pay it off early. I commend those of you in college that are able to comfortably pay for a S2K I've been outta college for a little more than 3 yrs and finally felt comfortable buying the S.

 

Look at the payment schedule of all bills vs income. (your income here)k less bills equals a yearly fund of (your income here)k. Less all the toys then it is (your income here)k. With my numbers the S is going to be paid of in August next year. One year loan at 4.7% didn't scare me. I had to have it. Fill in the blanks. It is good to have cash left over after every major expenditure. If you have substantial cash each month a car loan is no biggy. Heck I almost bought another one this weekend for the wife.