Joined
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2,184 Posts
Own. Cash. No payments. 
All depends on what's acceptable to each person. If the interest rate is low, then it's not a bad idea. Also if there is no interest, even better!Just bought the srt8 outright and 18 years old parent taught me well to not pay interest.
so well, ya'll full of money![]()
bought my 05 C AWD Nov `08 with 34k miles for $19K
but ended up being $23k(after tax & warranty etc.)
put down $1500 still owe $16k....
only to find out chrysler was going to go bankrupt and should have waited another 6 monthsat:
But i'm getting my money's worth because i'm about to hit 95k miles not bad for 2years eh?
Oh and realized i spent $1500 on a useless warranty because i used it up in the first yearat:
Regardless of what's acceptable to each person, fiscally responsible is to buy what you can actually afford. If I give you the option of paying $15,000 or $20,000, which option do you take? Personally, the only time it is fiscally justified to take it on payments is if you get an interest rate lower than your current savings rate - with savings rates what they are right now, unless you're getting 0% financing, this really ain't happening.All depends on what's acceptable to each person. If the interest rate is low, then it's not a bad idea. Also if there is no interest, even better!
I can't even begin typing the list of new cars I could waltz into the Dealership and buy @ 0%. It's a long list.... And it's been this way for years...Regardless of what's acceptable to each person, fiscally responsible is to buy what you can actually afford. If I give you the option of paying $15,000 or $20,000, which option do you take? Personally, the only time it is fiscally justified to take it on payments is if you get an interest rate lower than your current savings rate - with savings rates what they are right now, unless you're getting 0% financing, this really ain't happening.
0% plus taxes. It sure would be nice if the government subtracted the trade value of you old car from the purchase price of the new car and you only had to pay sales tax on the difference.I can't even begin typing the list of new cars I could waltz into the Dealership and buy @ 0%. It's a long list.... And it's been this way for years...
A guy I work with traded his C5 Vette in 4 times.. all four 0%
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Tax laws vary by state/province ^_^. If you're paying 0%, it's a good investment should you decide to keep the car beyond the date of actually owning it. Otherwise, you're actually worse off than a lease...0% plus taxes. It sure would be nice if the government subtracted the trade value of you old car from the purchase price of the new car and you only had to pay sales tax on the difference.
That's exactly how it is in Idaho; as it should be. But I know many states aren't that way.0% plus taxes. It sure would be nice if the government subtracted the trade value of you old car from the purchase price of the new car and you only had to pay sales tax on the difference.