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

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Chris G:
Paid cash for my Tacoma 5 years ago.  I hate owing.

Jouster:
I paid off my BMW last year.

Jouster

mr.Curmudgeon:
I paid off my last vehicle, a $24k 1998 Isuzu Amigo. Then less than 6 months later...a piston froze up.   :banghead:
My current vehicle, a $13k Scion xA is still on loan from the bank.

danny_galaga:

--- Quote from: shardian on February 01, 2008, 09:30:08 am ---Every car I've owned I've paid in cash, except for the Ford Escape. I finally broke down and bought a newer vehicle for my family last May, and got a small loan. I didn't have to, but I would prefer to keep money in the bank than be broke and need it. I paid half down, and got a loan for the other half. Besides, then interest I collect on the money pretty much cancels out the simple interest of the loan.

So to answer your question, me and the Credit union are in halfsies. ;D

--- End quote ---

goddamit! theres always someone with an option i hadnt thought of  :D

for those who mentioned lease, thats worse than a loan in my books...

boykster:
I own 95% of one car (2000 RX300) and about 50% of the other (2006 IS250)

I don't mind financing larger purchases as long as the debt service is reasonable.  My credits good and when I bought both cars the interest rates were reasonable.  Lexus rarely - if ever - offers 0% though....I'd be all over that like Peale on someone taking too many antibiotics.....

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