I am just wondering how much everyone owes on their 8. Well actually I have the ulterior motive of finding out where I stand with my loan compared to everyone else. :D

Just slightly less than $22,000 here.

 

Managed to get mine down to just over $14,500. So at least I wouldn't be upside down in it if I traded it in (not that I have any plans to do so).

 

I am just wondering how much everyone owes on their 8. Well actually I have the ulterior motive of finding out where I stand with my loan compared to everyone else. :D

Just slightly less than $22,000 here.

Whoops...I tried to edit the other post and add one extra poll and ended up with another thread. Could the moderators merge these together or get rid of one please?

 

I owe my wife a trip to Vegas, a new kitchen table,chairs and stools (from Italy) lazer surgery for her eyes and I'm sure more to come.....so yes, I still am paying off my car.

 

It's a keeper. I paid cash and owe nada. But my trade in car was worth about $19K, which was already fully paid off.

It's good to be debt free.:D (Well, almost, still got the house mortgage to pay off...)

 

I owe nothing as well. Paid cash and drove away....

 

man we got some cash-rich folks on this forum.... putting down 30k like it's nothing :o

 

First of all, I put down $26k (including taxes), and it was hardly nothing. Here's how it done (for you young folk). Buy a car you love, keep your mileage down, own it for 10-12 years, invest what would be car payments or lease payments, and you should have plenty for your next car.

 

Exactly What I plan to do with my 8...Almost 2 years old and only 11,700 miles. Later this year when I go to Korea it will be in storage for a whole year which will also keep the odo low! I should be able to have it paid off by the time I get back.

 

Well, we made a lot of money on our home in NY the 20 months we were living there, then we moved to NC... so we took our money and ran, bought a nice house here, and had a bunch left over... so I bought what I've always wanted... a nice third/project car....

Oh, and I didn't pay $30k either

 

1st payment $31,000&smoe change
2nd payment $0000 :D :D

 

Nada .... Paid

 

I owe $34k and change after almsot 2 years.

 

Amen brother! I finally had to buy my wife a car to even things out. After a year of hearing me go on and on about how much I loved my 8, she got a Honda Accord Hybrid last month... We didn't have enough to pay cash for it so we took out a 2% interest loan (which is pretty close).

RX8: $0
Accord Hybrid: $32,000

 

How the hell did you manage that?

Even if you financed the full amount (say about $31000), your total loan amount would only be $37500 with interest compounded over 5 years.
Your payment would suck (about $630 a month), but you would be down to about $19500 by now if you bought it two years ago.

Talk about being upside down.

 

First payment $500 down
Second payment $460
Third Payment $26,xxx
Balance: $0.



Equity Owns.

 

i owe zero.

 

Paid off with a check.

 

Paid in full on Discover card. Paid card in full on next payment. Cashed in $300 Discover rebate. Balance 0.

 

nothong - sold a 98 Covette for 20K and paid cash for the rest

 

$0.00

 

Interesting...there are lots who owe nothing, but equally as many in the 15,000 - 25,000 range.

Guy...I just feel really sorry for you right now. I am glad you love this car because you would have to be VERY comfortable with it for the next 3 or 4 years until you even out your loan and the car's worth. Care to explain how you ended up owing so much? Note the poll - you are not alone.

 

Now that mine's been severely rear-ended and repaired.... I owe a whole lot more than it's worth.

 

part of it is .. in 2001 I bought a 2001 oldsmobile alreo for 24k. FInanced 21 something.. when I traded it for my 8 i got 5k for a trade.

 

I borrowed from a different pocket to pay cash, so I owe myself about $10,000.