Quote:
Originally Posted by BlaineWasHere
I'm sort of splitting the difference, I'm putting $15K down and financing the rest @2.59
I literally have zero debt and I don't feel like taking on a HUGE car loan.
I'm pretty young (26) and this is my first brand new car, so with my limited (but good) credit history I feel I did pretty good.
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It's not a bad idea. With that much down and that little financed at that rate, your total interest paid won't be all that much, and it's likely that you can probably even pay it off earlier. It's good that you have a good credit history, but paying off a car really does help. When I bought my Evo when I was 23, I think my credit score was excellent at 768 (give or take), though it went to 800+ when I had paid the car off early in three years and change.