How did you purchase your car? Finance or cash? - Page 6 - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

1086 · 02-17-2014, 03:07 AM

actually if I was "born to the right family" I'd buy 2 86's, one frs, one brz, and lavish the EFF out of them plus FI. fun dream indeed.

86-tundra · 02-17-2014, 03:33 AM

Quote:

Originally Posted by Prog

Too many people think they're entitled to the things that they want. Heads up everyone; you're not entitled to anything except the things you earn.

I'm confused on what you're saying about entitlement (or even when where this came from)

Are you saying those that get a car loan aren't entitled to their car because they haven't yet earned it?

This can't be... if so..

Tt3Sheppard · 02-17-2014, 04:02 PM

Financed for me. I look at the interest amount I would pay over the loan term and ask myself is it worth that additional interest amount. Normally pay over the min payment amount.

6speed_Sam · 02-17-2014, 10:33 PM

I guess back to the original question...

14k down, rest financed

It was a 50/50 need/want scenario. I cashed out some funds to pay half my house off(and re-finance with lower interest rate) which left me with enough to pay for half of a car. My payments now are cumulatively less than just my old house payment. Plus my older vehicles were constantly letting me down and had poor gas mileage...needed that new/reliable backup. ..and something fun for a change.

s2d4 · 02-17-2014, 10:47 PM

Cash, paid in full.
Active income => Whatever I want.
Passive income => Living expenses.

MysteryMachine · 02-18-2014, 12:08 AM

I was set to do cash but then I realized how dumb that was that my mortgage was 5% and the car was 2% so I financed the brz and applied the money for the car to my mortgage.

Sent from my Moto X via Tapatalk

Sonolin · 02-18-2014, 01:05 AM

I'm financing and I hate being in debt. I can probably afford a $2000 car payment going based on 1/4 of income (+ insurance, etc.) but I hate being in debt.

Nah, nvm I get to drive an FRS every day

Hoping to pay it off in 1-2 years then the crazy downward mod spiral begins... For now its just bang for the buck for me.

02-17-2014, 10:33 PM	#74
6speed_Sam Thumper Join Date: Dec 2012 Drives: 2013 FRS Location: Huntsville, AL Posts: 250 Thanks: 97 Thanked 59 Times in 42 Posts Mentioned: 1 Post(s) Tagged: 0 Thread(s)	I guess back to the original question... 14k down, rest financed It was a 50/50 need/want scenario. I cashed out some funds to pay half my house off(and re-finance with lower interest rate) which left me with enough to pay for half of a car. My payments now are cumulatively less than just my old house payment. Plus my older vehicles were constantly letting me down and had poor gas mileage...needed that new/reliable backup. ..and something fun for a change. __________________ Car is gone - parts for sale

02-18-2014, 12:08 AM	#76
MysteryMachine Senior Member Join Date: Oct 2013 Drives: 2014 SWP BRZ, 2002 Bugeye OBS Location: Austin Posts: 255 Thanks: 204 Thanked 121 Times in 85 Posts Mentioned: 13 Post(s) Tagged: 0 Thread(s)	I was set to do cash but then I realized how dumb that was that my mortgage was 5% and the car was 2% so I financed the brz and applied the money for the car to my mortgage. Sent from my Moto X via Tapatalk __________________ MysteryMachine's build

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02-17-2014, 03:07 AM	#71
1086 Senior Member Join Date: Nov 2013 Drives: UM86 - 6MT Location: CA (elevation 85 ft.) Posts: 518 Thanks: 383 Thanked 249 Times in 126 Posts Mentioned: 6 Post(s) Tagged: 0 Thread(s)	actually if I was "born to the right family" I'd buy 2 86's, one frs, one brz, and lavish the EFF out of them plus FI. fun dream indeed.

02-17-2014, 10:47 PM	#75
s2d4 Senior Member Join Date: Mar 2013 Drives: R32 GTR, AW11 MR2 SC, GTS86 R Location: OZ Posts: 2,615 Thanks: 603 Thanked 1,224 Times in 708 Posts Mentioned: 35 Post(s) Tagged: 0 Thread(s)	Cash, paid in full. Active income => Whatever I want. Passive income => Living expenses.

02-18-2014, 01:05 AM	#77
Sonolin Banned Join Date: Sep 2012 Drives: 2013 Scion FR-S Location: SoCal Posts: 885 Thanks: 1,489 Thanked 289 Times in 176 Posts Mentioned: 5 Post(s) Tagged: 0 Thread(s)	I'm financing and I hate being in debt. I can probably afford a $2000 car payment going based on 1/4 of income (+ insurance, etc.) but I hate being in debt. Nah, nvm I get to drive an FRS every day Hoping to pay it off in 1-2 years then the crazy downward mod spiral begins... For now its just bang for the buck for me.

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