How much do you people pay a month?

 

I pay $850 month.

 

paid cash up front.

 

yup me too

oh fyi you might want to resize your signature, its definitely too big lol

 

Paid with cash and got change.

 

I would never pay cash for a car. Why sacrifice all that money when you can put it to work for you over the term of the loan to help ammortize the damage.

 

... because if a person has sufficient non-invested cash with which to purchase the car, any loan is a negative value regardless.

 

exaaaactly

 

That's not really a good question to ask because it's very general and very vague. Everyone has different finance & lease terms, trade ins, down payments and what not which will alter the monthly payment amount.

 

well if you can get a sweet rate on your car loan lets say 3.99% for 5 years and you can get 30/6 month/1 year etc CD getting 5% (when you look and put $10k) even your car is loosing value as your drive it your still getting something out of the cash.Why not make that cash work for you, but if you have cash to give to Toyota they will be more than happy to have that cash and invest for themselves.

because if a person has sufficient non-invested cash with which to purchase the car, any loan is a negative value regardless

Loan is a negative value, also is your car. thats why use the cash in other ways to balance it out or maybe even gain

 

i pay 1150 and its a complete right off and my comp pays 1000 of the payment as well for car allowance. So I totally make out. hhehe...

 

So, 5% CD and 3.99 % interest rate. So what if they tax you 33% on the 5% you just made? You just lost just a little. In addition, with the way the market is going and probably will go for a little bit, any investments really suck (I'm probably at -10% for the last year). Some people actually need a tax write-off and lease a car for business too. AND, some people are just plain silly rich and 62K is just pocket change and the hassle of sending in a monthly payment/think about a car loan isn't worth the couple hundred bucks or maybe even thousand bucks.

Last but not least, some people just don't like loans. I simply don't like loans. I already have a mortgage and school loan - why do I want more loans?

BTW, my lease is 1138/month 12K/year 36 months no down. I also had tire/wheel ins included in my lease.

 

paid in full...didn't want to finance since I had the money to pay it all or I would have to pay roughly 5 grand for a 5 years at 5.75% with half down for the car....plus I don't have to worry and I got my pink slip...haha

 

How many people here paid cash with there MONEy.. not parents.. i am jealous..

 

Paid all cash for mine as well as I have for all the cars I have purchased; the ISF was just a little more but worth it. It is a very unique and well put together car with all the bells and whistles, fun to drive and despite being on the expensive side a good value for the performance and luxury one gets..