How much are you guys putting down on your BRZ?

[86design]

I know we dont know the pricing for the car yet...but just curious to see if im just putting down to much...also whos going to lease the car?

Im planning on putting down $4,500 of course im going to go lower then that and see what my payments look like...and just move up from there..

again I know its hard to see what to but down cause there's no prices....



edit: sorry if this was already posted....I did search but nothing came up lol

[zoomzoomers]

$0 down. Or as close to that as possible.

[tranzformer]

$0 down. Could pay it in cash, could put 1/2 as cash downpayment. But at 1.99%/48 months, I will keep my money instead.

[MF_DEUCE]

Noob question:

Doesnt putting more cash upfront lower the mothly payments?
if so,
then wouldnt it be better to place money versus going with the $0 down?

This will be my first new car purchase, so if someone could explain it as clearly as possible I'd appreciate it.

[Longhorn248]

Originally Posted by MF_DEUCE

Noob question:

Doesnt putting more cash upfront lower the mothly payments?
if so,
then wouldnt it be better to place money versus going with the $0 down?

This will be my first new car purchase, so if someone could explain it as clearly as possible I'd appreciate it.

Check this website out: http://www.bankrate.com/calculators/...alculator.aspx

You can plug in how much you're taking as a loan, the rate, and the term length and then it will calculate your monthly payments and will give you an amortization table so you know what you're paying in interest vs. principal every month.

It's going to be dependent on the person and their financial situation for what they're going to do down payment wise if they're financing. Right now my plan is to go for $0 down, but that may change once purchase time rolls around. Based on the numbers I've played around with $0 down shouldn't be a problem for me but I still have to decide on how long I want to finance for.

[just86]

how good of a credit score to qualify for 1.99% 48 months?

[Zgrinch]

I know I might be going against the grain on the financial logic, but I do not like having payments, or the feeling that i am in debt to someone.
I tend to keep my cars a very long time and utimately pass them down the family tree as long as they are still in good condition. My plan is to purchase outright.

[OrbitalEllipses]

Originally Posted by just86

how good of a credit score to qualify for 1.99% 48 months?

Over 750?

Originally Posted by Zgrinch

I know I might be going against the grain on the financial logic, but I do not like having payments, or the feeling that i am in debt to someone.
I tend to keep my cars a very long time and utimately pass them down the family tree as long as they are still in good condition. My plan is to purchase outright.

This.

[MF_DEUCE]

Originally Posted by Longhorn248

Check this website out: http://www.bankrate.com/calculators/...alculator.aspx

You can plug in how much you're taking as a loan, the rate, and the term length and then it will calculate your monthly payments and will give you an amortization table so you know what you're paying in interest vs. principal every month.

It's going to be dependent on the person and their financial situation for what they're going to do down payment wise if they're financing. Right now my plan is to go for $0 down, but that may change once purchase time rolls around. Based on the numbers I've played around with $0 down shouldn't be a problem for me and I still have to decide on how long I want to finance for.

ill be sure to look at this closer to release.

[86'd]

It's looking more like the FRS for me, but if and when I do get one, 0 down.

I'm selling my Civic privately and using the winnings to pay down some cc debt and my wife's student loans. We should be debt free sans car payments at the end of the year. Then we'll just save, save, save.

CC's kill but auto loans can be IMO a great way of displacing debt especially at low rates. Or at least guilt free mitigation...

You get daily utility and fun out of a car and after the loan is up you can sell the car for about half...so you're only really out half.

Mwhahahahah...!

[BigFatFlip]

Originally Posted by MF_DEUCE

Noob question:

Doesnt putting more cash upfront lower the mothly payments?
if so,
then wouldnt it be better to place money versus going with the $0 down?

On a typical loan, I think you're correct, but it mainly depends on your credit and lender. There are many things that can factor in like whether the loan is "front-loaded" or a straight forward interest. In some cases, you can even apply and get the loan from your bank/credit union and come to the dealer as a cash buyer.

For me, I'd probably go 50% down, but like I said, completely depends on what kind of loan I end up with.

[Longhorn248]

Originally Posted by MF_DEUCE

Noob question:

Doesnt putting more cash upfront lower the mothly payments?
if so,
then wouldnt it be better to place money versus going with the $0 down?

This will be my first new car purchase, so if someone could explain it as clearly as possible I'd appreciate it.

Originally Posted by OrbitalEllipses

Over 750?



This.

From what I've seen once you get into the 750 and up range they rate your credit as "Excellent" and anything over 700 is a pretty good place to be.

[SkullWorks]

I'm going to put 8-10K down, I don't want to carry liability insurance for a long time on this car, I may buy outright, but I want to carry the note for a while as I have very little established credit...I deal with cash as much as possible and have recently tied up loose ends from CC debt from about 8 years ago ( i paid off not BK, based on principals, not finances)

[Longhorn248]

I'm pretty sure liability insurance is required by law...