payments opinion

enkei2k

when did you get the car?

I know that usually spring time Nissan offers 0% for up to 60 months (for the past 2 years anyway). That's what I have.

Check PenFed or BankRate.com to see if they have cheaper options.

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MMC Racing

Check your local credit unions. My local credit union has 1.5% up to 60 months. https://www.pmcu.com/webfederal.asp?...een+Auto+Promo

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2014 F150 Raptor, 2014 Mazda 3, 2015 Nissan GT-R

synolimit

You're joking right? He paid $31,000. That's $34,910 total and only had to pay $485 a month. At 60 months he'd have to shell out $570 a month and only pay out $34,246. I'm sorry but saving only $654 over the term is not worth a $85 payment increase. And Jesus 48 is even worse!! Its $699 a month and $33,591 total. I'll eat $1319 to avoid $699 like the plague.

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13 370z-

Cvzg77r

I'm at 615 a month for 60 month term not too bad really lol

kfull

got mine at 0% through nmac, bought in March of 2012. I think they do it every year

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2012 GM 6MT sports package | FI non res cf exhaust | K&N Drop Ins | Viper 3303 security system w/ tilt sensor | GTR start button | 35% rear 45% side window tint | Michelin PSS

synolimit

Lol no that's bad.

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13 370z-

Chuck33079

Some people would rather pay less for the car, not have the smaller payment. There's a reason there's a rule of thumb that says if you can't pay the car off in three years you can't afford the car.

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2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

MMC Racing

Payments are all relative to income. In 1997 when I bought my first brand new car and had a $300/mo payment on my $27,000 yearly income, it seemed like a lot. $673/mo on current $300k income is almost a rounding error.

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2014 F150 Raptor, 2014 Mazda 3, 2015 Nissan GT-R

synolimit

Never heard of it and I don't know anyone that can do that. I never have a car longer then a year anyways so more money to play with the better. To each their own I guess.

I pay less incase something happens. I'm an RN, my job will NEVER go away, but I can't predict the future. If my motor goes and I need 5k cash I'd rather worry about a $400 payment coming up vs a $700 payment. You can always pay more a month to pay it off early rather than be forced to pay more each month.

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13 370z-

MMC Racing

If you bank the down payment you didn't make on the car, then you have a "rainy day fund" to pay for that hypothetical engine failure. You could also still "pay" the lower payment each month by covering the difference from tapping the "rainy day fund".

There are a number of strategies and they are highly dependent on a number of factors, but the main one is the interest rate. The higher the rate, the more making a bigger down payment makes sense.

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2014 F150 Raptor, 2014 Mazda 3, 2015 Nissan GT-R

XiP

this

if it's a burden on your wallet then you need to reprioritize

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Cvzg77r

zero interest... n its a nismo..

Frank Rizzo

that sounds like a Rule of 78 loan.....

A quick explanation of the "Rule of 78"


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ezpz112

3.99% is ridiculous. Check credit unions. I have mine at 1.99% for a 30k loan on a used 2013.