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[JenInTN]

I was wondering how many people here are financing their ride. I have not financed in many years but have been considering it lately. I remember financing as being a burden before and I guess that's why I'm holding back. I know there are different lengths of financing available and if you'd like to share the length of your contract, that would be great too.

[wreckfish]

My vehicle was paid cash after saving, so I can't be much help in this thread, but I am sure you will get more responses soon, I know that there are quite a few morachatters active in this particular subforum
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roar like sushi! o0o0o0o0o0o ...

[JenInTN]

I've been buying my cars with cash for a longtime. I usually save until I get enough to "go shopping" with. I do hope to get some input though.

[Flowerpot]

Do you mean like a payment scheme for your car? I bought moth my cars on payment schemes with small payments over 3 years on a monthly basis then I can give the car back after three years or pay a lump sum and keep it. It's a bit more expensive than paying for it all upfront but since I'm interested in changing my car every three years thats fine by me. I don't really like payment schemes and would rather pay upfront for things but since I prefer to get rid of cars at the 3 year mark before they start needing work done on them this work out fine.

[JenInTN]

That sounds like a lease option here. It does work out better for some people to do it that way. Financing is like payments to own..no turning back in for lump sums if you want to keep it. You just agree to pay a payment for a certain amount of time and it's yours. Leasing is very good for someone that likes a different car every couple of years though.

[piya84]

I bought my car by giving 50 % cash and other money by taking loan from bank.I repaid it in 2 years.
Cant tell you if you want to buy different cars after every few years.LMAO it seems you are car lover.
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London bridge is falling down.

[JenInTN]

I usually keep my car as long as I can when I buy one. I'll drive the wheels off of it..LOL..I think the way you did it Piya is a very smart way. That cut down a lot on the interest and you paid it off fairly quickly.

[Oceanblueeyes]

I was asked to go through the older posts and lock any with no input for over four months. I was also told that if anyone wanted the posts reopened again, they should contact one of the moderators with the link of the original post and the reason. Thanks.