Survey: U purchase? Lease? or Finance ur FRS? How long is the Term?
 

How you guys get the FRS? I Finance it for 6 years which I think I will try to get a better rate next year and pay extra in order to own it soon.

One check.

I was always told to never buy anything unless i can pay it up front right there, right now.

http://www.ft86club.com/forums/showthread.php?t=29418

Finance, leasing only makes sense if you're going to get rid of it in a year or two anyway. In my opinion why pay for it if you don't own it? 6 year term, should be paid off in about a year and a half if I budget properly.

5 Year Jumbo CD APR 1.85%
Auto Loan 1.49%

Make your Money work for you.

I wrote a check for the full amount. I've never financed a car. No car payments for me.

Financed for 6 years through the dealership at 3.5% APR and got a $500 discount. Waiting 3 months as required to get the $500 discount before refinancing through my bank at 2.5% for the remaining term.

Hope to have it paid off in 4 years. My house will be paid off in 3 and then when I add that payment to my normal car payment I should have it paid off within that year.

Then I will have 1 year left on my truck and I will be debt free!!!!

Two checks for me: one deposit, one to finish it off.

Seems like compared to you guys I'm living life on the edge YOLO style with my 5 year finance

Yeah...

I'm not so sure how wise it is to simply write it off as "only pay cash for cars"

Especially when you can get a low rate. You'd be better off investing it for the 5 years instead of spending it on the car.

I got a 5 year loan with 3% rate.

5 year 2.89% interest. I wish i had the money to just pay cash, but as a younger guy i figure its better to get my credit built up

I financed for 2 years after a large down payment, have enough to pay it out but would rather use the payments to maintain and build up my credit rating.

Make payments. Money is so cheap to borrow now it's ridiculous.

This is what i plan on doing as well :)

Am I the only one who read that paying off loans early actually hurts your credit score?
.....

I've heard the same thing, not sure if true or not to be honest.