Whats the balance of your car loan???
09-18-07, 08:37 AM
#17
Already have a house, and multiple cars (all paid for, except for my IS). Car payments are just part of life, unless you want to drop your liquid assets into the purchase, which all boils down to personal preference. To address the opening statement of this thread, I would choose a house over a car everytime, so maybe you should sell the car and buy your house. It all depends on what your priorities are.
09-18-07, 08:53 AM
#18
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Join Date: Aug 2007
Location: Arizona
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My car is on Lease for 36 months for $227 a month. This is my first car payment as I have paid cash for my old cars. Granted, those cars were much cheaper than this one. I don't think I'm going to buy this car out because I usually change cars every 2-3 years.
09-18-07, 09:51 AM
#21
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Join Date: Mar 2005
Location: Ocean Springs, MS
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I got my car about 18 months ago for 42k out the door. Put down 15k on it and have about 20k left now. I think I am going to pay the rest off when I get back from my contracting job because I will be jobless for a while.
09-18-07, 11:22 AM
#23
Lexus Champion
ayyye geeeez, it bothers me to see people dropping $35K+ cash on a car --- I say stay liquid and make the payments (as long as you have a decent interest rate). Invest your money!
09-18-07, 11:37 AM
#25
Lexus Champion
I owe $7,401, thats the pay off. my car payment is $378 a month. which is about 19 more payments. i am going to pay $650 a month and pay it off in this next year.
09-18-07, 11:56 AM
#27
Lexus Champion
09-18-07, 11:57 AM
#28
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Location: PA
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We had $25k in trade. So it wasn't that much cash to pay. Don't have to pay interest and don't have to worry about a car payment. I understand what you mean re: staying liquid, but there's plenty of other money invested. ;-)
