+1. Although, some of the deals they will offer you are worth taking. I took out a loan on the Subaru because I'm pretty sure I can beat the 1.9% interested rate they gave me, and a lot of companies are offering 0% interest.

30k down

Financed 10.5k

if you look up there is always people with more money. doesnt matter. just know your boundaries and know your money. that's all that matters.

and i think car loans are a great way to build credit for your future mortgage. :tup:

I had recently bought a house so didn't have a ton of spare cash. I got a pretty good interest rate of 3.5% so I only put 3k down on mine.

:iagree:

just make sure there is no cosigner. My dad cosigned on my my loan when i had an altima and then i got no credit. Didn't help that the stupid finance department put the loan in his name either:mad:

took like 8 months to get it switched.

That is odd. My dad also co-signed with me on my subaru a bit under 5 years ago. It was because I was getting paid under the table although I ended up getting a full-time job later. Anyway my credit score in that 4 year period or so before I ended up buying my house and my 370Z went from around 680 to 800. I also had quite a few credit cards (never left a balance on them) so I figured part of that jump was for the car. The car-loan *did* show up on my credit report.

my father cosigned however the loan is under my name, and I am getting "credit" for it.

I put down 6K

I would have liked to put down more to make my payments less but oh wells. I sold my winter beater for the down payment.

Buying a car cash would be nice one of these days lol.

21k for me. financed 13k.

The above sums it up right there. Some people think car-buying is a waste of money. Then they turn around and spend 10k on a trip to Hawaii... so to each his own.

I personally don't believe in taking out loans unless it's

1) for a house (mortgage)

2) 0% financing. This way, I pay the minimum then invest the rest in stocks or Roth or other interest-gaining alternatives.

I put 5000.00 down on base 6 speed in Oct.However I Paid off 9000.00 since Oct.

Put 14k down

3K down equity in trade

I am a big believer on having cash on hand, especially during bad economic times. Having that said, if you can afford to buy a car and finance it with the lowest interest possible, good idea. Or if you have so much cash on hand, that dropping 40K on a car is no problem, more power to you..

I just can't see myself dropping anything over 10K on a depreciating asset, because that's what cars are. if you qualify for 0% financing why not go for it, and save your cash..


I got my rate at 1.9% over 4 yrs w/ 5K down. I figure I can easily make the payments,s without unloading alot of cash upfront, got extended warranty as well, to minimize the financial impact of large repair, etc..

4000 down.