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05-15-2009, 05:29 PM
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#1 |
 Drives: 1970 Boss 302 Join Date: May 2009
Location: South Carolina
Posts: 269
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mine nearly here-should I wait......
My car is due any day. What will buying it before June 1 or after June 1 mean ? I've got the option of buying it outright or financing it. I was thinking if parts or a down time might become a problem, financing it might be best. Particularly if I lose my income and GM has promised to support that. Also, I'd have some back up money if I financed it and not paid cash.
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05-15-2009, 05:31 PM
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#2 |
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Team Fordpower
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Why would you buy it outright? If anything just drop a huge down payment and get a low monthly payment.
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05-15-2009, 05:36 PM
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#3 | |
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Banned
Drives: 2003 Cobra Convertible Join Date: Feb 2009
Location: CA
Posts: 2,925
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Quote:
if you can get a great interest rate, go that route. |
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05-15-2009, 05:37 PM
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#4 |
 Drives: Black 2LT RS Auto 20" Polished Join Date: May 2009
Location: Southern Cali
Posts: 138
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Lots of $$$$$$$$$$$$$ down....low payment is the way I would go!
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05-15-2009, 08:06 PM
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#5 |
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Large Member
Drives: Yugo SS Join Date: Apr 2009
Location: South Jersey
Posts: 428
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big dowmpayment low payments---invest the rest
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05-16-2009, 12:01 AM
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#6 | |
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Father Time
Drives: 1967 Malibu / 2002 Caddy DTS Join Date: May 2009
Location: St. Aug. , Fl.
Posts: 13,547
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Quote:
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05-16-2009, 12:03 AM
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#7 |
 Drives: 1970 GTO Ragtop Join Date: Oct 2008
Location: Toronto
Posts: 325
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Parts won't be a problem for the Camaro. This car is a hit!
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05-16-2009, 12:05 AM
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#8 |
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put some money down, dont buy outright. Down the road if you need a loan for something else you will build your credit.
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05-16-2009, 12:07 AM
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#9 |
          Drives: 00 Blazer Join Date: Aug 2008
Location: Texas
Posts: 5,100
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Give me the cash I need a stimulus.
On a serious note if you have that much money then buy it. Or finance a portion but should be at least 24 months if you want to build FICO up. |
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05-16-2009, 12:08 AM
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#10 |
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Drives: 08 SS trailblazer,08 Silverado Join Date: Mar 2009
Location: stanley va
Posts: 6,268
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put a big downpayment on it get low monthly payments stick the cash in a savings account and if something happens you will have a nice lil backup til you can find something else.
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05-16-2009, 12:09 AM
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#11 |
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NOICE!!! ™
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What everyone else said
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05-16-2009, 07:19 AM
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#12 |
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I'm giving them one big check. I've been saving for along time and waiting for a car I can get excited about! Just a soon as I saw the 2010 camaro, the wait was over .....
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05-16-2009, 08:28 AM
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#13 |
Drives: 2010 2SS/RS IOM/IOM #3625 Join Date: Jun 2008
Location: Greater Toronto Area
Posts: 1,902
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Paying cash, which on a car I would not normally do but I plan on keeping this one, it will sit in my heated garage most of the time. My daily drivers I lease, a wise man once told me....if it appreciates over time in value, buy it. If it depreciates, rent or lease it.
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05-16-2009, 08:31 AM
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#14 | |
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SST...
Drives: SST Camaro 2010 Join Date: Oct 2008
Location: East Coast of Florida
Posts: 5,927
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