Just interested to see what peoples thoughts are on finance.

I bought my car second hand almost 2 years ago and for the first year still had some money to pay off. Was such a relief when it was all mine - im sure I enjoy it much more now.

Do people generally buy the S2000 cash in full or put it on some kind of finance? If so do you find it hampers your enjoyment at all?

 

Cash up front always.

I once bought a car on finance (when I was 18) and hated it.

 

My first car was

 

Work for a bank like I do, get a staff loan at a stupidly cheap rate and then pay cash for your S........winner all round

 

You only live once.
As long as the APR is sound and you can comfortably afford the payments - and you taking care of other aspects of your life ....why not.

 

Especially with the low rates at the moment

 

The bank still paying less to me than I would for a loan so it's cash for me, actually it has been for the last few cars.

 

A

 

I rather annoyingly got a rate of 5.7% APR (not secured) when I bought - best rate I've currently seen is 7.9%. Beware of secured (against your car or house) loans - low APR but big issues if you miss payments!

 

Cash upfront is best. Money talks.

If you don't have the cash, a nice cheap loan is second best.

Hire purchase is a big no-no. You get screwed.