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BRZ First-Gen (2012+) -- General Topics All discussions about the first-gen Subaru BRZ coupe |
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#71 |
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With respect to a mortgage, I don not have one. Home is fully paid for. The decision to pay off loan is a function of minimizing the interest expense. As for those individuals with a mortgage, depending on their respective interest rates they would still be better off repaying the car loan first (assuming its not a home equity loan) as mortgage interest is tax deductible. Auto loans are not.
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#72 |
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Through my credit union I got a 2.49 for 72 months. Not bad especially for being 22 and this my first loan.
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#73 | |
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For most owners, this car is the largest financial commitment on their plates, barring student loans which most should have under control before car shopping. There's plenty of people who got in over their heads and have to sell: http://www.ft86club.com/forums/forumdisplay.php?f=69 |
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#74 |
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I got 1.7 for 60 months as well.
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#75 |
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I put down $5k and financed 24k and drove home today in a limited manual with this deal. payments look like $350mo x72
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#76 |
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2.99% for 60 months
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#77 | |
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If you are sitting as you say you are financially, I don't see you needing it for much. At 25, you could probably pay for a house in cash by 40, which is better than the majority of people. That would still leave you 30 years with no payments to stockpile cash, travel and invest. |
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The Following User Says Thank You to suaveflooder For This Useful Post: | enwave (09-08-2013) |
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#78 | |
That headunit though...
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I don't want to wait until 40 to be comfortable ![]() It's a lot easier to "get rich" by being stingy and saving every dollar and getting every economic advantage, even if you don't really need to. |
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#79 | |
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The Following User Says Thank You to suaveflooder For This Useful Post: | enwave (09-08-2013) |
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#80 |
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We told Subaru that our Credit Union was offering 1.99%. He retreived the rate from our bank, agreed, and sent the rate to their bank to see if they could beat it. They came back with 1.79% for 72 months. Without comparing to our credit union, they only offered 3.75%.
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#81 | |
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#82 |
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I got .89% for 36mo. Applying a large down payment and plan on knocking out the principle well before then though.
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