Car payment or paid off?

[BKgen®]

i pay mine off in like september of this year...

[umairejaz]

Cash money.

[Kevykev]

Paying on a car from 16 - 20 taught me responsibility and also taugh me that I don't like car notes.

So It's Cash nowadays.

Cash is king....i'm a banker trust me.

I saw what you did.

[integraboi88]

Financed the first car i bought myself for 60 months to build credit. Recently paid the car off in a little less than 2 years.

[amped4life33]

when I bought my car i had all the money i needed for it, but I chose to put $14K down and keep 10, finance it for like 5 years so my payments are only $196 a month, I figured that way Id have enough money to put into aftermarket parts for the car, and my payments would be so low that if i ever got in a situation where my income wasnt much i would still be able to afford it.

[Franco Tirador]

i hate giving people my money, so i would rather pay cash, we just bought a house and at closing when that guy showed us how much we will have paid for the house after the 30 years i nearly fell backwards, it was twice, TWICE the amount of the house, but like previously mentioned here thats a house. A car? not worth it, thats why i teaching myself how to work on cars, so if my used one breaks down i can fix it, the most i would spend on a car would probably be buying a salvaged one that its not too hard and expensive to fix

[OWN3R]

paid off

[Humphrizzle]

paid cash.

[patch515]

60 months.

[toxxxic]

i have never had a car payment in my life.

i bought my first car in cash when i was 16 & have traded around since.

[keevo54]

Even if I had the cash I would find the lowest interest rate loan and invest the money in something safe. I can make at least 6% with the cash and I'm only paying 5% interest.

So I make 1%+ interest on the money

man speaks the truth.

[allmotoronly]

Why would you NOT finance? At the super low rates you can get these days on new cars (some as low as 0.0%-0.9%), you could finance for 36 months and keep the money you would have spent in the bank making at least 2.5-3.5% interest. The last car I bought I financed for 60 months at 0.0% and used the interest I was making in my high interest checking acount to make the payment every month. I only had to pay somewhere around $120 out of pocket each month on a $35k vehicle. I plan on doing it again this year at least once and maybe on two cars if the economy picks up a little by the end of summer.

[oaznbeasto]

paid in full, didnt want to deal with the hassle

[IndianStig]

I've paid cash for all my cars since they are all hondas but when I buy again it will probably be financed unless I get another beater honda.

[drpepper14]

My car now was paid for in cash, but i'm about to pick up a newer tacoma which will be financed at an extremely low interest rate while I keep my cash in my high interest savings acct

[UpSideDownDesi]

titles in hand.

[umairejaz]

^That's how we roll.

[SampaGuy]

The last car I bought I financed for 60 months at 0.0% and used the interest I was making in my high interest checking acount to make the payment every month.

Get outta here

[Hondatwin23]

Financed for several months then bam cash money. Hate making payments