I've always bought my cars cash. If I couldn't pay cash I wouldn't buy it.

i paid for mine with 3 green jugs and 5 shaved cats :p

I'm 22, just graduated college, and started working full time. Yeah, I financed

Home equity, baybee. Deduct the interest.

Paid in full, all cash. Never leave home without it.

re-enlistment bonus

I got my parents to pay for it.......InvisibleMonkey :D

Check.
I had to go to the ATM and get a balance slip to verify funds.
:-)

Cash or Credit? What does that mean?

I financed my car, so what do I vote for?

When you financed it using your 'hard earned' it's cash otherwise it's credit.

I think you should clarify that last sentence a bit...

Finance means you are borrowing money, not the actual "cash" in hand to pay for it... usually from a bank lender.

I paid Cash, and yes... as in US currency.

CASH...gosh, we have some rich people out there I guess...

I financed...paid 3g's down and traded in my old car, but it's financed...so I vote?

I'd say you vote for credit.
I'd guess that the people are either rich, older or didn't buy an RX-8.

My very first car was an old and rare RX-3 but I couldn't get through the emissions (long and sad story). So I bought an old Audi 80 for $150 and invested about $1000 and a few days of work to it get through the inspections.
It would have never crossed my mind to finance a new car when I was 18.

Ya, I fit in the older category... blah. Hate being older. I better get my dream car before I look foolish driving a real sports car. 50 year driving Ferrari.. blah. I want to be 35 driving one at the latest.

My wife paid cash. She had always drove a practical car (B210, Corolla, Accord). Her father was aging and she was trying to take care of him. After he passed away, she wanted to treat herself to a new car. She tells me it is practical - 4 doors and 4 seater.

zero down, financed 63 easy payments of $583.35.

Vote cash if you bought the car outright, and have title in hand. If you owe any kind of money on it, click credit. I paid cash for mine, then went crazy and financed an STI to compliment my rx8. :)

4K down and 60 payment of $532.. but i can proudly say that i should be close to 30 months time!!!

dam I hate interest

I always said I would never take out a 5-year loan, but then along came the RX-8, right when we were building a new house. Rates were low, so I went for the comfort factor.

I own two tattoo parlors all cash ..... have a 03 ford lighting 02 WRX and 04 chevy avalanche....... All cash .....

Wow i left at the rx-8 my bad ..... left the best car out of the list ......

Been planning my mid-life crisis for the last ten years, started it when I found an RX-8 repossed at a credit union in Sacremento CA. Paid cash. The joke is that being a four-door sedan, the insurance is cheaper than the pick-up truck I used to drive.

Traded in a pristine 1991 MR2 on my 8. Paid the balance in cash. Title in hand one week later :)

leased so i could write it off and still be liquid...;)

didn't feel it was a smart idea to tie up my money in a depreciating asset....

Hm, the poll doesn't really give all the options. When I bought the RX-8, I actually had gone to the dealership to get an oil change on my Firebird and thus I had only like $50 on me.

Then I saw the RX-8. I had neither checkbook nor driver's license with me but I live only a quarter mile away from them, quickly got the check book, wrote a check over 14,000 and financed the rest (22,000).

Then a week later I paid the loan off, after I had moved some money from one of my savings accounts.

I guess I could've saved a bit on the financing fees if I had bothered to wait with the purchase. I could've even come in with a 36k check but I don't like to wait, certainly not a full week.

Well, I guess Mazda hit their target. If you can pay cash for this car, pat yourself on the back, you have made it!!!

Looks like I am the only one that paid on my credit card. Paid it off in full the next month. 25 days of float and 1% rebate from the card company.

I tried that, my dealer would allow only up to $3000 on a card. Was not worth it.

i have 48 payments to go. i have the cash to pay the loan off now. should i? is the interest savings significant?

i have 48 payments to go. i have the cash to pay the loan off now. should i? is the interest savings significant?

Depends on how much interest you pay. If you pay 3% or less then you could invest the money in a CD account which will yield a safe 3.82% or so these days. (1 year CD at

http://www.umbrellabank.com/per_accounts/special_cd.asp

It takes some strong character though to actually save the $ instead of spending it on toys.

If you pay more than 3% interest, I would pay the loan off. That's just my philosophy. No loans except on houses.

Of course it also depends on what your future looks like? Going to quit your job or something like that?

Peter

Depends on how much interest you pay. If you pay 3% or less then you could invest the money in a CD account which will yield a safe 3.82% or so these days. (1 year CD at

http://www.umbrellabank.com/per_accounts/special_cd.asp

It takes some strong character though to actually save the $ instead of spending it on toys.

If you pay more than 3% interest, I would pay the loan off. That's just my philosophy. No loans except on houses.

Of course it also depends on what your future looks like? Going to quit your job or something like that?

Peter

i don't know the exact number but it's more than 3%. i'd say around 4.5%. it was a 66 month loan and i owe about $18000 but the payoff would be somewhat less.

just bought the car less than a month.

9700 miles on it. TI grand touring package. i bought extended warranty from dealer. 4.5K down.....paid 430 for 60 months :cool: