How much is your car payment?

[07Burb]

This has reminded me of a question that I had but forgot to post. Before this thread I've never heard of refinancing a vehicle before. Is that common to do?

 

[ChrisAU]

This has reminded me of a question that I had but forgot to post. Before this thread I've never heard of refinancing a vehicle before. Is that common to do?

I've done it a couple times (not on the same vehicle).

Just took the Hoe from 8.99% to 3.44%.

College was TERRIBLE for my credit. But I'd do it all over the same. Actually, I'd probably blow more borrowed money given the chance to do it again.

 

[SwirvinChevy]

$250/month for gas. I've been blessed with the ability to pay cash for my truck .

You better be thankin daddy

 

[booyaltz]

$393, 72 month 2% financing. Bought our 08 LTZ with 121 miles on it for $33,900. Cant remember what I put down, I think it was $6K...

You got a pretty much brand new Tahoe LTZ (121 miles on it) for $33,900? How did you do that?

 

[THE YETI]

You got a pretty much brand new Tahoe LTZ (121 miles on it) for $33,900? How did you do that?

Suburban. How did I do it? I didn't. Saw it advertised at a dealership and bought it that day.

 

[07Burb]

That is an incredible price!

 

[jdpber]

Dear lord some of y'all could pay on a house for what y'all drop on a depreciating accet. A house appreciate

I stacked some cash for about 6 months and dropped cash on tahoe and saved 4k off NADA BC cash talks.... Cash AlwAys talks

edit spelling

 

[ChrisAU]

Dear lord some of y'all could pay on a house for what y'all drop on a deprecheating accet. A house appreciates

I stacked some cash for about 6 months and dropped cash on tahoe and saved 4k off NADA BC cash talks.... Cash AlwAys talks

I'm sorry, but that is the most wonderful slaughtering of a word, ever. Depreciating. lol.

 

[THE YETI]

Houses don't appreciate. Not anymore. Lol.

 

[jdpber]

ok yea i butchered a couple words just got off the trail from a 20 mile strenuous hike and was half delusional.

and Superchared... yes they are not gaining value the same as they were 10 years ago.. but they for damn sure do not loose value at the same rate at which a vehicle does today and always has.. takes 30 years for a vehicle to gain value.. UNLESS it is a crazy rare vehicle from the get go.. and Tahoes are not rare.. GM has made a bunch...

yall knew my freaking point i was trying to make.. lol

and if you buy cheap now while economy is down.. before it goes back up then you will make out fine on a house as long as you are not trying to flip it.. buy now and stay in it for a while other wise yes you will loose money. but at least a house doesn't loose value the moment you buy it like a car does the moment you sign the papers...

and i feel once the election happens the economy will change.. as it is already started..

 

[daygooz3v]

$179.81 a month for 5 year s

 

[Sierkonblazer]

$662/mo, 2.99% APR, 60 month. Traded a 09 G8 in for it. They broke me even on the G8 (still owed $18k on it), and picked up the used Denali for $42k out the door ($37k sticker + TTL + $2k allowance for wheels)
Rates just dropped to 2.79% and may drop again, so Im thinking of re-fi'ing in a few months

 

[jem556]

$0 since 2008...makes it hard to talk myself into upgrading.

 

[jdpber]

$0 for past 3 years. Makes the upgrade fund build fast so there is little to no payment every 3-5 when we upgrade every other car.

 

[G17GEN4]

Another $900+ payment! you guys are insane...

They are both paying 0% interest. They probably didn't put any money down. The only real incentive to put money down is to reduce the initial principal in an attempt to pay less interest over the life of the loan. When you're financing at 0%, you'd be better off to take the money you would have otherwise put down, and pay off interest bearing debt like a credit card, or invest that capital in an interest accruing financial vehicle.

A 900 dollar payment at 0% is far superior than a "cheaper" payment that includes interest - evidenced by the above.

 

[Polomintus]

Almost purchased a 2011 Denali on 0%, could not justifiy it with the new models due anytime soon, so we got a 2007 Denali (84k) and love it.

Trade in $8,900, money down, and 3.9% and $290 over 5 years. Will be paying $400, but overall, fecking love it.

 

[rankhornjp]

2007 Tahoe LTZ, bought used in 2009, $15k down, $354/month 4.9% 48 months (only owe 3k on it now, plan on having it paid off in a month or so)

2011 Avalanche LTZ, bought sorta used 3 weeks ago (was a demo, had 6000 miles, got all the warranty as if new), $13k down, $497/month, 3.9% 60 months.

 

[ChrisAU]

Some days I seriously want to sell my Tahoe and ride my '92 so I'll have no payment. Some days I love my Tahoe and would never dream of giving it away. Some days I hate both my vehicles and daydream on Autotrader of F-250 Powerstroke's and Audi S4's.

I am so ADD about vehicles it is unreal.

 

[Donovan]

403/mo 10k down 3. Something% 07 ltz 24,500 asking price as is. Dropped 10k and they included a 15 flipdown and some extended warranty for 20,500 TTL. Someone said money talks. Damn right. I wish I had another 10k to give and be done. Kudos to the guys that don't owe anyone.

 

[Polomintus]

Some days I seriously want to sell my Tahoe and ride my '92 so I'll have no payment. Some days I love my Tahoe and would never dream of giving it away. Some days I hate both my vehicles and daydream on Autotrader of F-250 Powerstroke's and Audi S4's.

I am so ADD about vehicles it is unreal.

So want an S4 or RS4...