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poll: who owns your car? you? or the bank?

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Jdurg:

--- Quote from: knave on February 01, 2008, 12:10:25 pm ---I didn't vote.  I own my car, but I did finance it through the dealership for 0%.

Paid it off in 3 years.  Was a great deal.  Not paying interest is awesome.  :applaud:


--- End quote ---

Same here.  Pretty sweet if you ask me.  You get the 0% interest for a short time, and if you made a big enough downpayment you can pay off the rest of the price without ever paying one solitary cent in interest.  It's like having a family member or friend give you the rest of the money you need to pay the car in full and you don't have to pay them interest.

Nothing feels better than getting the title to your car in your hands.  Now I can only hope to win the lottery and have the same thing happen with the deed to my house!

shmokes:
I put 1/3 down, and did a 3-year loan.  In exactly one year I will own it outright and, good lord that's going to be a major stress reliever.  Doing the three year loan gave me $400/mo. payments.  But it's a Honda Civic, which means that I'll get at least 3-5 years out of it while I own it outright.

SirPeale:
We own our car now, but got a load thru the bank.  So there's no option for me.

AtomSmasher:

--- Quote from: Jdurg on February 01, 2008, 01:12:46 pm ---
--- Quote from: knave on February 01, 2008, 12:10:25 pm ---I didn't vote.  I own my car, but I did finance it through the dealership for 0%.

Paid it off in 3 years.  Was a great deal.  Not paying interest is awesome.  :applaud:


--- End quote ---

Same here.  Pretty sweet if you ask me.  You get the 0% interest for a short time, and if you made a big enough downpayment you can pay off the rest of the price without ever paying one solitary cent in interest.  It's like having a family member or friend give you the rest of the money you need to pay the car in full and you don't have to pay them interest.

--- End quote ---
Or you can just wait for the right deal to come along.  I currently have a 6 year 0% interest loan and that was with zero down payment.  It's definately useful to have good credit.  :)  I would pay it off quick, but with 0% interest I'd rather pay off any other loans or credit cards first.

I also own my truck, but then I found it in a junkyard and rebuilt it, so getting a loan wasn't exactly an option  :P

koolmoecraig:
Just paid off my Miata last week!

$0 debt across the board!

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