Zero loans...
I've never bought a new car before, but every used car i've ever owned, I pay cash in full. With that said, I'm almost halfway to saving to buy a Termi!
I paid cash for my ZR1. Sold 3 vehicles. 2008 Z06, 2002 Trans Am, and a 32 ford pickup truck. Paid for it and then gave me some left over. I didn't owe anything on any of them.
My duramax I traded a 06 one in and they gave me $24k, then I put another $12k down, and then owed about $20k, but I've been paying it down way faster than expected. Double and triple payments.
Loans.
Most people dont have available cash to purchase a $30k vehicle.
I think the availability of financing however, mixed with inflation and the american lifestyle, have driven vehicle prices to where you almost cant buy with cash anymore.
Goddamn.
What do you do again and where do I apply?
Loans.
Most people dont have available cash to purchase a $30k vehicle.
I think the availability of financing however, mixed with inflation and the american lifestyle, have driven vehicle prices to where you almost cant buy with cash anymore.
Goddamn.
What do you do again and where do I apply?
I disagree. I know plenty of people who saved for years to buy a car, myself included. I'm only 22 and still in college, and although my cars are hardly anywhere near the cost of newer gt500s, etc. all of mine were paid in cash and took years of patience and wise financial decisions.
The American way is just buy now, worry later. It's terrible and sad whem most people my age are young and broke because they blow cash on stupid things like bars and the latest and greatest phones amd tvs.
I disagree. I know plenty of people who saved for years to buy a car, myself included. I'm only 22 and still in college, and although my cars are hardly anywhere near the cost of newer gt500s, etc. all of mine were paid in cash and took years of patience and wise financial decisions.
The American way is just buy now, worry later. It's terrible and sad whem most people my age are young and broke because they blow cash on stupid things like bars and the latest and greatest phones amd tvs.
I have a loan on the Cobra that basically qualifies as a mob loan. UNGODLY interest rate, very high payment.....I've actually flirted with trading out of it for something MUCH cheaper with a MUCH better interest rate. My credit isn't the problem, the age of the car was...and they went 72 months on it because it had NO miles. (16k when I bought it.)
Normally, I'm really good at car deals and NEVER get in over my head. This one, however, has eaten my lunch. So I'm stuck with either stick it out for a few more years, or suffer a serious downgrade. Even though it's probably a much wiser financial decision to get out of it, though I'd take a DROWNING to do so, I somehow can't get myself to let her go because I really do love my car.
Maybe after another year or so I can refinance for a better rate at a shorter term. Guess we'll see. But I don't ever see myself paying cash for a car.