Do you pay cash for your cars?

leadsupplier

leadsupplier

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Aug 11, 2009
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Simple question, do you pay cash when you buy your cars? Obviously the answer when buying a honda for 5 or 10k is yes. But to you ballers that buy 40-60K+ rides are you paying cash or financing and why?

That is all...
 


i buy all my cars, finance with about 50% down.

Current cars:
2008 Jaguar S-type
2011 Ford F-350 Crew cab long bed 4x4 lariat desil
1964 chevy impala SS I bought off ebay ((hit me up for pix))
 
I cant take care of a car for my life.

I don't want to have to sell it or trade it in

I want a new car every few years

If I get tired of it I can always throw it up on lease swap

The dealer pays for all maintenance

I can beat the crap our of it and don't feel bad
 
Cash.. If we can't pay cash we don't buy.. That whole living debt free thing you know.. But we almost never buy brand new either.. Bought an 03 vette in 04, bought the 03 F350 Dually King Cab in 05, 06 Camry in 07, etc.. Always let someone else take the huge hit in depreciation and then get a good buy..

Probably won't be buying too many 'new' cars now that the new workshop is nearly complete. Need to finish the 65 Chevy Pickup and have started looking for a Ferarri 308 or a 68 thru 71ish vette project car.
 
I used to pay straight up cash but I've had a pretty shitty year so not anymore. I just bought a chevy cruze for the fact I needed a decent car. It has nowhere near the elegance or fun aspect that my A8 had but sadly a plow truck decided to total it after a snow storm.
 
Depends on what you can get for financing.

Previously I bought with cash - but right now you can (if you have decent credit) still buy a car with 0% interest.

Why on earth would you pay cash when you can get 0% interest for 48 months? If you have the cash you can throw it in a CD and even in today's market get between 0.5 and 2% -or higher if you have the funds.
 
i just bought 2006 denali with 60,000 miles for 6k$, if you dont know the market just lease its better if you buy , in 2 years the price will drop and its the same thing
 
Sharksfan said:
Depends on what you can get for financing.

Previously I bought with cash - but right now you can (if you have decent credit) still buy a car with 0% interest.

Why on earth would you pay cash when you can get 0% interest for 48 months? If you have the cash you can throw it in a CD and even in today's market get between 0.5 and 2% -or higher if you have the funds.
Click to expand...

this.
 
I have excellent credit and as long as interest rates are low I'll finance it. If I had to pay over 6% I'd pay cash. Just depends on the value of money at the time.
 
I paid cash for all 3 of my cars.

car 1 - $60k
car 2 - $45k
car 3 - $18k

Would I ever do it again, yes.

Not having payments = win. Make sure you dont buy shitty cars though.
 
MaTTaM said:
i just bought 2006 denali with 60,000 miles for 6k$, if you dont know the market just lease its better if you buy , in 2 years the price will drop and its the same thing
Click to expand...

i don't believe this at all


eliquid, i thnk you got the right idea bro, ly 2 you do as well. fuck debt. If you can't pay cash for it in a month, don't get it ... that's my current view.

if you can't afford a 60k car b/c you don't make that in a month yet, go DO IT!
 
Paying cash for cars always seemed stupid to me. You're gonna plop down $60,000 for a car and next month it'll be worth $50k, then in a year $40k. Seems like a shitty ass investment bros. Finance your cars at 0%, 1.9% and take your $60k and put it in an interest bearing account and draw 3-5% on it easy. Or if you're a risk taker put it in something that draws 8-10%. You'd be stupid not to use someone elses money for free or almost free to buy a depreciating asset.

With that said don't ever finance anything you can't afford to pay off the same day. Basically don't borrow money you don't have, but don't be retarded ... if someone is giving you $60k, interest free, take it.
 
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