Do you own your speed?

[mdavis]

I just paid her off last week. Took me 18 months! Now a have a little extra $ to throw at her, or save for something new.

So like the title sates. Do you own your speed/bank/lease?

 

[FWD FTL]

damn

What do you do for a living.. that was quick..

 

[8.5MS3]

Payed mine off after 1 yr of payments to up my credit. but cutting that fat check hurt. shes been all mine for the last 6 months

 

[nate0123]

You have $1300+ a month to throw at a car loan? :wtf:

 

[ohioan]

Being a roofer, bills can be hard to pay at times. I still have like 66 payments

 

[8.5MS3]

You have $1300+ a month to throw at a car loan? :wtf:

10k down financed 15k after all the bs @ 3.7%APR

 

[FWD FTL]

wtf

1 what do YOU do for a living.. and what did you have to do to get a APR that low? ... I work at a bank and have never financed anyone for less that 4.3X... wow..

 

[8.5MS3]

1 what do YOU do for a living.. and what did you have to do to get a APR that low? ... I work at a bank and have never financed anyone for less that 4.3X... wow..

I am a mechanical engineer. and it took a lot of arguing, and doing some things id rather not discuss.....haha
plus having the parents cosign with immaculate credit helped

 

[Kindred]

At the rate, I'm going, I should have it paid off by this time next year.

 

[nate0123]

10k down financed 15k after all the bs @ 3.7%APR

That's still pushing $900 a month!

I cannot in my foreseeable future imagine ever having $10k in the bank to use as a downpayment on anything

Or was that a trade in?

1 what do YOU do for a living.. and what did you have to do to get a APR that low? ... I work at a bank and have never financed anyone for less that 4.3X... wow..

my credit union has 3.99% right now (I got 4.99% which was their best rate at the time)

 

[FWD FTL]

bank

I put 4K down.. financed originally @ 4.99% in my dad's name.. and then refied after about 9 months.. went up to 8.99 because its in my name with no credit history.. will probably pay off this time next year with a savings.. all in all about 30 months for total payoff..

 

[8.5MS3]

That's still pushing $900 a month!

over how many years? i did it over 60 months

 

[nate0123]

over how many years? i did it over 60 months

Oops, I took the 18 month number from the OP and combined it with your situation...

... which I should not have done

(hand)

 

[Hank3]

I own mine...

I purchased my '08 MS3 used for $21,500 OTD. It had 9k miles. Sold my modded '02 WRX for $14,500. Used that money and $7K in savings and purchased it outright. My wife's '02 Protege was paid off right before that. No car payments FTW!!!

 

[turbos3]

i own mine. bought my 09 ms3 in october 2008, paid it off in oct 2009. 11k down, 5.99%, big check finished her off. it was the first car i financed and i hated it so that was my reason for paying off. no more payments is awesome.

 

[bigdaddy]

Paid $19,212 cash incl. tax. O8 GT 16k miles. Perfect shape w/ MS CBE, and MS CAI. I practiacally stole it.

 

[RedKatanax9]

Wrote a fat check first day getting her. I hate car payments, banks, dealer financing, or anything that adds to the confusion of purchasing a car.

 

[nate0123]

Wrote a fat check first day getting her. I hate car payments, banks, dealer financing, or anything that adds to the confusion of purchasing a car.

Ha! Good thing I don't have the same hangups. If I did, I'd be driving around in a $1000 car.

 

[///M Compact]

I paid cash as well.

 

[FWD FTL]

For those of you that originally financed and then wrote a large payoff check.. What advice would you give me for doing the same.. its taken me about a year and half to get my savings back up to what it should be ( after being unemployed and buying a car ) I can keep making my $350 payment and keep saving or complete whipe out my savings and payoff the car and start saving at about 500 a month... Caught inbetween..