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Skyline007 wrote:So fcb offering 26k DP and inst. @ $1295 for 3 years for a Tiida 2008 for 65.5k... What other places offering anything better than this?
mitsu_chick941 wrote:Skyline007 wrote:So fcb offering 26k DP and inst. @ $1295 for 3 years for a Tiida 2008 for 65.5k... What other places offering anything better than this?
no one bit i'm biased, went with fcb for my car paid average $12,000 interest for 3 yrs, which i thought was great.
DJ Q wrote:mitsu_chick941 wrote:Skyline007 wrote:So fcb offering 26k DP and inst. @ $1295 for 3 years for a Tiida 2008 for 65.5k... What other places offering anything better than this?
no one bit i'm biased, went with fcb for my car paid average $12,000 interest for 3 yrs, which i thought was great.
Depends on how much the loan amount was.
Next month is your final payment?
DJ Q wrote:^That's 6% interest per year.
Won't get much better than that to be honest.
Unless you want to draw out the payment longer, which will actually run you more in the longrun, but may be easier for you to pay.
My suggestion is to put as high a downpayment that you comfortably can.
Minimize your interest
DJ Q wrote:Was the loan amount $60,000 or was that the price of the vehicle?
If it's the latter, how much was your downpayment?
sound boy 64 wrote:Don't mind the loan payments but those insurance figures. Jah
kerwinishere wrote:My stepdad pays 20k for a 2014 cerato.
My stepdad
Nah. Just got his DP
Dizzy28 wrote:kerwinishere wrote:My stepdad pays 20k for a 2014 cerato.
His claim history must be terrible!!
My cousin is 25 years old and pays $21k on a Santa Fe which he purchased for $450k
DJ Q wrote:Dizzy28 wrote:kerwinishere wrote:My stepdad pays 20k for a 2014 cerato.
His claim history must be terrible!!
My cousin is 25 years old and pays $21k on a Santa Fe which he purchased for $450k
So... what does your cousin do?
kerwinishere wrote:How old you is Kermit?
Dizzy28 wrote:You all have some horrible driving records or very young.
My Lancer in 2011 paid $6,700 on $189,950
Notice some comments earlier in the thread saying "from a business perspective that it would make sense to take a loan for a vehicle, for cash flow reasons" and what not.
From a business perspective, it would make sense to finance a vehicle (take a loan), providing that said vehicle is (or is part of the process in) making the money.
If you are purchasing a vehicle for personal/recreational use, a loan may not be the best option - you are just giving away your hard earned money to the bank via interest (which i consider unnecessary risk). As previously said, dont put your hat where you cant reach it.
There is a huge difference in an asset and a luxury item from a business perspective.
Just my $0.02
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