OK... you've got an $8k downpayment saved up. What car do you go out and get?

[Eli]

Myself?

Subaru WRX STi.

 

[Looney]

Personally... i would get a used Honda Civic or something. I wouldn't want to be in debt and having car payments. But then again, i don't need a nice car to make myself feel good.

 

[fyleow]

Audi S4

 

[Mill]

I know this has been recommended but 2003-2004 Cobra.

 

[JeffreyLebowski]

Originally posted by: Skoorb
350z

Winner.

 

[aircooled]

Originally posted by: Davegod75

Originally posted by: Saltin

My point is, $8000.00 will make more money sitting in a bank or in a low risk investment than the added dollars on your monthey payment.

Of course it won't. How do you think banks make thier money? They pay out *way* less interest on savings and such than they charge to loan out the money to you.

That's their bread and butter; the margin between what they pay you to use your money and what they charge you to use thiers.

$8000 down on a $20,000 car will reduce the amount of money you pay in interest charges by thousands of dollars over a few years. There is no way in hell $8k would make you anywhere near that..... even in high yield investments.

Debt is a fact of life. Reducing it and paying it off as quickly as possible are the keys to financial success. Any competent Financial Advisor will tell you to pay off as much debt as possible before doing other things with your money.

exactly. If you have 8k to put down by all means do it. It will make your payments less.

I say this only if you cannot get a 0% interest loan. Otherwise you mine as well put down nothing.



I'm putting down 8k on a loaded ex-v6 accord sedan memorial day weekend.

woo hooo

new car

Obviously Vic and I have been unable to convince anyone that 8K down on a (financed) car is a bad decision.
On the plus side, you guys will make the sales person very happy.

Enjoy your new car.

 

[Pliablemoose]

Corvette

 

[KK]

Just get yourself a $8000 car. It's only a car used for transportation. Unless you wanna try and makeup for a short penis.

KK

 

[BAMAVOO]

I say buy a $7-8000 car and be done with it. Screw making car payments.

 

[Urinal Mint]

Owning an $8000 junky car is like living in a shack or wearing KMart clothes... it sucks.

Originally posted by: KK
Just get yourself a $8000 car. It's only a car used for transportation. Unless you wanna try and makeup for a short penis.

KK

 

[Woodie]

Two options:

1. Buy my minivan for $3500, and spend the rest on cool PC toys

or

2. Porsche Boxter, and spend the next 7 years paying for a garage, insurance, and the car.

 

[Maverick]

Originally posted by: fyleow
Audi S4

second that...V6 twin turbo...this car is awesome. Much better choice than a BMW 330CI or even an M3 for that matter.

 

[JSClark]

Originally posted by: Urinal Mint
Here's the criteria:

? 200+ HP
? 6-spd transmission preferred, but 5-spd is acceptable
? RWD or AWD
? Leather is a must... so cushy on the hiney

What do you get?

BMW M3

 

[007bond]

Originally posted by: JSClark

Originally posted by: Urinal Mint
Here's the criteria:

? 200+ HP
? 6-spd transmission preferred, but 5-spd is acceptable
? RWD or AWD
? Leather is a must... so cushy on the hiney

What do you get?

BMW M3

Great car, but more like 50K not 40K. Of course you could certainly get a one or two year old one.

 

[DT4K]

On the down payment or not debate

The bottom line is that it depends on the interest rate you can get.
And it depends on what kind of money you could earn if you invested that 8000 instead of using it for downpayment.

Say you could reasonably expect to make 8% a year by investing that money.

Now if you can get a car loan at 5%, you are better off not making a big down payment and instead, investing that money.
But if you could only get financed at 9%, then you would be better off making as big a down payment as possible. It simply wouldn't make any sense to be earning 8% on your money while you are paying 9% interest.

If you have good credit and can get a low interest rate, you are probably better off investing the money.

 

[Ryan]

Originally posted by: Urinal Mint
Here's the criteria: ? 200+ HP ? 6-spd transmission preferred, but 5-spd is acceptable ? RWD or AWD ? Leather is a must... so cushy on the hiney What do you get?

Infiniti G35 Sedan 6-speed with every option (or the coupe if you prefer). Plus, you'll have some change left over

 

[mrCide]

since i was shopping i can give you some prices..

look hard enough you can find a 2001 boxster S around 35-37, an m3 cheapest nice one you will find is 40k, anything lower is high milage (2001).. S4 you can find prices aroudn 28-30 I think.. I personally like 2doors..

other boxsters.. a 2000 base will run around 27/28, S will be around 32/33, 2001 base is around 32.

350z is too retro for me, and the g35 coupe is too bland

 

[isekii]

get a G35 coupe

does it have to be new ?

You can pick up a used IS300 2002 5 speed new for like 23,000-24,000 if you can find the right seller + 4500 stage 1 turbo = 340hp of fun loving.

IS300 handles like a dream as well.

( Not to mention you get Lexus Customer Service and Care )