New Car Purchase
- Thread starter Geezer II
- Start date
Borrow cheap $ and make $ on your cash while it's there to be made. But if I were you, I'd pay cash and not take on the debt.
I'd your invested and making good money off your investments, then maybe the loan is a decent deal. I like to pay cash. Only exception being my wife's last ride because I got such a low interest rate. (And I blew the money saved back for her car on a 62 Chevy and the rest on hookers and blow.)
Depends. Private seller or stealer ship? If working with a dealer they are more likely to give you a better deal if you are financing. They get back end commission on every financed deal.
After financing if you have the disposable cash laying around that isn’t earning more interest than the interest rate on the car loan then you can always pay it off right away.
After financing if you have the disposable cash laying around that isn’t earning more interest than the interest rate on the car loan then you can always pay it off right away.
This, everybody's situation is different for both the need/use of the vehicle and/or where they are at in their financial/life situation. No one size fits all.
Some great advice here so far.
If you absolutely need a new ride right now I guess there’s no other way. But current prices are stupid. Hold off as long as you can. That’s my current plan. Wife wants a camper so we’ll probably have one by next summer. And my F150 will pull one okay for now… but long term, I really want a Super Duty or some other 3/4-ton. I just can’t stomach the price of them right now.
If you absolutely need a new ride right now I guess there’s no other way. But current prices are stupid. Hold off as long as you can. That’s my current plan. Wife wants a camper so we’ll probably have one by next summer. And my F150 will pull one okay for now… but long term, I really want a Super Duty or some other 3/4-ton. I just can’t stomach the price of them right now.
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I like to let the dealership think I’ll be financing. I get them to their bottom dollar selling price, then I bust out cash. The salesman always goes to see the manager, then comes back and says “ok”, with a real distraught look on his face. I enjoy that part.
This is my MO… Finance through them making your best deal, pay off before the first payment…
All you money bags here, my MO is can you stretch it out another year or two to get my payment lower?! LOL 
I was that way while raising a family. Empty nest allowed another approach.All you money bags here, my MO is can you stretch it out another year or two to get my payment lower?! LOL
I only run old pieces of shit and I'm getting better at repairs. LolAll you money bags here, my MO is can you stretch it out another year or two to get my payment lower?! LOL
When your old and groady ya just don't feel like crawl n under them any more
I've read of some concern of buying a "new" vehicle that has sat around for a year with no run time and things start to go bad. The article spoke of seals, gaskets, rubber parts and such. Then went on to say major recalls to repair and uncertainty of replacements parts...
Any one else hear this?
Any one else hear this?
Plenty fair statement. We do keep a newer/nicer ride for the Mrs. She has a 2015 model CRV.