In 2011 09 Sport for 27K, 5K down no credit (First time buyer) no cosigner, was at 615 monthly @ 17.49% :icon14:, refinanced earlier this year, now at $450 @ 2.79% since I built up my credit. 42 months left! Now time to get 09 Infiniti FX45.

Why would somebody (you) do that? I assume you weren't trying to be a ****.

It was my first new car and I thought that was how one did it.

It makes sense to me*. Good for all debts public and private. They should simply ask you to fill out an 8300 form and accepted it. Since I hate filling those things out, I write a check and leave.

One time, on a Saturday/Sunday, I told them I don't have enough money in my account so I'll need a couple hours on Monday to make it good, and they were fine with that. Personally I'd of prefered cash over a possible problem check, as they did not know me.

*That is alot of 20's alright. 100's count faster.

Hey paying cash is doing it with style:tiphat:

There was a time not too long ago when people didn't buy something they didn't have cash on hand to pay for and debt was something to be avoided - not the norm.

Another paying in cash story -

My mother worked at a rural Chevy dealership and a guy drove in with a truck load full of pennies in Jars to get a new ride.

I am pretty sure they sold him the car he wanted but he had to go visit a bank first to verify how much money he was actually carting around with him.

I have a rule about paying cash for toys. So I paid cash for the Z. I didn't pull out bills mind you! LOL but cash! :)

actually, the dealer offered me a better deal if I took their financing. So I took it and just paid it off when I got the bill.

Hey Meulen. Curious what the dealer's incentive was.

I would have expected them to be overjoyed at being paid in full and getting something closer to their desired amount (which they lowered when you financed.)

Bottom line though - Glad you are happy you got the car you wanted at an agreeable price. That just seems like a weird car purchase shell game to me.

Dealers can make kickbacks if you finance, so many times it is in their best interest to have you do that over paying cash. Additionally, a lot of dealers buy from the manufacture on credit so if they can move a car in X number of days plus make a kickback for you financing it they sold a car without having to really buy it plus made profit & kickback.

They offered me a lower price for the car if I
1. bought their ext warranty and...
2. got the car dealer certified for the warranty
3. Financed a portion of it

I guess it was really a wash for me, except I got a warranty out of it that I wasn't expecting to purchase. I think they probably got an incentive to finance/cert./warranty from the bank/mfg. and were able to give me the warranty for my trouble.

Had I just paid cash and walked out the door I would have paid a higher price and not had the ext warranty.

That makes sense.

I was pretty happy with what I paid until I realized that Nissan dropped the price two weeks after I bought mine. oh well.

Can't look at it that way. Crap like that is out of your control. Just enjoy your good fortune and the fact you were able to buy one! :)

Just realized you are in Chicago. :ugh2: I work in the Loop.

300-350 here

Indeed. Overall I know on some level you always get a little screwed making a big purchase.

Ha! I am sitting in the West loop as well a block or two away from the Ogilvie Transportation Center (Metra station.)

Sadly my Z never sees downtown Chicago - It doesn't like the traffic and road rage. ha ha.

My Z is long paidoff but when I financed it as a CPO my payment was $470 and I didn't put alot down since I like to invest my money and would rather have the cash in my pocket.

I only put $3,000 down and invested $5,000 into Apple stock back in 2006

$5,000 = roughly 50 shares at roughly $100 a share and at Apples current stock price that = $21,000 profit (before taxes) which nearly paid for my Z :usa:

paid off! i'd say it's about time to swap cars and get in debt for something else!