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Mine is paid for. Bought October last year, paid off last month. I didn't pay cash, but put a large amount down (like 40%) and financed the rest. I then
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08-16-2011, 02:39 PM
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#11 (permalink) |
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Base Member
Join Date: Oct 2010
Location: Dallas, TX
Posts: 103
Drives: 10 370z Nismo PW M6
Rep Power: 15  |
Mine is paid for. Bought October last year, paid off last month.
I didn't pay cash, but put a large amount down (like 40%) and financed the rest. I then paid large bulk sums every other month. In the end I get to keep the cash in the bank just in case, but pay the car off so fast that I pay very, very little in interest. Once I paid off my first financed car I've been doing this and it works out pretty well. Benefits of both sides, no real penalties. |
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