ncatbagan

481.66/mth 60mths, 8600 trade-in, 2k down...will re-finance

tfe691

580 a month for 6 years. $0 down. I'll do accelerated depreciation for 2 years for taxes and trade it in. I put it in my companies name. I need the tax deduction or else i would have paid cash for it.

cblackburn

If I can't afford something, then I don't buy it. That's why I saved and paid cash for my car. I have an Amex, but of course I pay it off every month.

The only exception to my rule is my house. However, I do the best I can with it. I got a 15 year at 5% and I pay over a little bit (shoud be paid off in 8.5 years).

With all that being said... I do agree with some of the others that say it can be smart to pay the car loan interest and invest you money other places. I'm engaged to a CPA and she tries to explain that to me all the time ("Time value of money" or something like that). I say.. if you are smart enough to be able to stay on top of such things.. then go for it. But for me, I like to keep things clean and simple. I like to know that if I get canned tomorrow, that the only debt I will need to be concerned about is the house.

OnefastTL448

iTrader: (1)

2004 Navi A-Spec 10,000 down Credit Union at 4.99% 570.00 Per month 5 Years

Gadgets

Your dealer is screwing you bigtime. Go shop around on your own. I'm in Florida, but my local credit union offers 3.95%. Shop around, find the lowest rate, get the dealer to BEAT the rate or no soup for them, I mean no business for them.

JOES05tl

2005 6sp w/ navi-wdp w/ parchment.
$6000 down on $33,750 @6.5=$653.00

P.S. Invest in real estate here in rancho cucamonga! 15-30% appreciation has held consistant over the last 4 years, all depending on location. Plus you can write off every dollar you pay into mortgage interest. Thats my advice .

DaCeptak0n

$484.00 for 72 months w/4.25 interest rate after 4,200 down...financed $29800

mickey3c

Sure TVM... been there done that.. Opportunity costs etc. The idea of personal write offs are a laugh since you spend a 1.00 to get back 28 (depending on your tax bracket) cents.

Yet in business when you get to write off expenses before you pay income tax now that is where it pays off....

two cars 65,000 3 years later they are worth 38000 and new ones are 68,000 So if you keep trading up and have to have two newer cars in the family, you are losing 10K a year in depreciation. Add in sales tax another 1500 and higher excise taxes viola!

Now buy two corollas for 30,000 and 3 years later they are worth 17000 maybe more with gas prices... 2 New ones cost maybe 32,000 so you only lose 15000 or 5K a year in depreciation. Your wallet will love it.... Take that 15,000 that you saved and invest in something that provide a return..

Do that enough and then buy a Tl when the investments pay for the car... I know at 20 that is a long way off.. but it does happen...

If you are buying down a 15 year note by 6.5 years you are paying more than just a bit!
I hacked 10 years off my 30 by paying two extra payments a year.

gmsmith1

$322.74 / 60 Months - $16,000 down ($9000 from trade) at 3.49%.

2K2SilverTL-S

On my 04 TL I am paying $679 month/ 4 yrs with 6K down

On my 02 TL-S i was paying $701 month/ 4 yrs with 6K down.


I just made my last payment on my TL-S last month.......

1400 a month in car payments was killing me. Now I can save up for my NSX

1995hoo

$17,500 down, $344.48 a month for 60 months starting last fall at 4.99% (which was a little high, but I didn't have the time to shop around on the rates).

The TL Check-Raises

500/month for 60 months. 05 with Navi. 5.25 rate. 8000 on the trade.

Twenties

05 TL Navi, $0 Down, No trade, $585/mo, 6 yrs, @4.75%.

As far as those paying all cash, thanks but i like my cash. And, yes, everything is a write-off.

TLTrance

518/mth for 60 months @ 6.99% - Down payment of $11500... I felt like I got screwed by this and I most likely would've gotten a better rate through a credit union, but I just got lazy.. I could refinance in 6-12 months, although interest rates are certainly going to get higher over this next year.

One thing is my credit score is nearly 800 (and yes, I do have a relatively long history.. close to 84 months), but the finance manager said: "You don't have a proven history of paying back non-student loans, hence this is about the best rate you'll see"

I sorta call BS on it, but really, there's nothing I can do to force any Acura dealership to go lower. I mean he told me the lowest anyone will get (at the time I bought the car) was 4.99% (though AHFC). This rate is only given to premium clients who have either purchased an Acura before, and/or a demonstrated non-student loan history paid reflected in conjunction with a good credit score.

I was hoping for 5.99% (reasonable expectation given what he said), and he said that he might be able to do this if I got the extended warranty. Of course, the result was I didn't get 5.99%. Duped? Maybe. I have the option of refunding the extended warranty if I don't ever use it.

What do you guys think?

crvlvr

1500 down, $472/mo for 36 months Lease. Date of Sale April 10, 2005. I think its important to note the date of sale in your comparison as interest rates are going up and can affect the payment significantly.

2LOW4U

$5K down, 349/month for 3 year lease... bout $2,400 off sticker.

I didn't think they would take the deal, but what the hell.

wawawa

Wrote a check and paid in full.

TLover

True, but the question is: Can you make more money by investing the money that you used to buy the car? With the low APRs, I'm willing to bet you can invest the $33K you spent, and make more money. But I disgree ...

$475/month, zero down, lease.

svtmike

At the end of the day, it's a matter of how you fund things and timing. I didn't get the cash by not investing and being frivolous with my money. A large part of my cash flow goes into investments automatically every month - so if I buy a car it's a question of do I cut off part of the flow into my investments and divert it to making car payments, or do I simply withdraw funds from my investments and continue with the regular investments.

I choose to keep my cash flow as much as possible to (other than my nice low rate mortgage) non-obligations.

Mike

TLTrance

I just got approved for 4.2% at Patelco Credit Union.. Goes to show that Acura was definitely ripping me off with 6.99%. Refinance time!

w1n78

$512/month, $12K down, 4.9%, 60 months

but i'm paying $600/month just to try and get rid of it fast. may start dropping $1K/month so that it keeps me from buying worthless crap i don't need - like a bike in a couple of weeks

gt1

Question to those, who paid cash:

Did any of you guys, take your savings further and didn't get a full insurance coverage for your car? Why pay healthy profit to the insurer, if you have cash or credit resources to "self insure" and replace the totaled vehicle, even if with something less glamourus?

KJSmitty

My guess is if you purchased a TL you probably don't have enough "bling" to just "write-off" a possible $34K totaled TL (me included... Well, I could but, could never stomach the stupidity)... Besides, and I can only speak for my own premium, you're only talking about $25 a month savings.... Unless you're talking dropping more than just "comprehensive" etc...

--If so-

My thoughts: Quote from the movie "Top-Gun"....

"Gutsiest move I ever saw man"

enigma

05 TL Anthracite w/ Navi.

$335 /month, $17000 down, 5.15%, 60 month.

I think I got ripped by the %, thinking I have 775 FICO, I could have gotten better APR.....


Anyways...here you go, love the car, still love it..
Thinking of Ron Jon body kit or OEM body kit, which do you prefer?

enigmaaaaa

badboy

14K down, 20K loan for 36months comes out to 590/month.

imaginis

$1400.00 down, 72 mo, $513.85/mo

It's a hefty payment...but it's so worth it!

moeronn

These numbers don't quite work out, as my loan terms (~$30k, 3.9%, 60 months) are very close, but payments are $550/mo. This was march, 2004.

w1n78

should be under $500/month. i have a similar one but with 4.9% and i pay $512/month

moeronn

Without interest, 500/mo for 60 months is $30,000. How can it be less than 500 with interest?

1nicetl

$3000 down/ $502 a month 4 year lease. 1.8%apr and i'am going on my 2nd month of having the car.

w1n78

i was assuming the interest was factored in. my loan was for $30K and some change w/ interest factored in

PeterUbers

iTrader: (1)

I think it's hilarious how people who paid cash in full for their TL's are posting in this thread -- don't think that was the point of the thread.

moeronn

If your loan was for anything over 28k for 60 months and your payments are 512/month, then you pulled one over on the dealer/finance guys

iLL TL

my loan was for 29,500 with 5K down ( that hurt ) lol
$541.29 a month@60 month @ 3.9 apr


For those that bought it cash.... god bless ya'll... one day hopefully I
can say the same

That's big baller status right there
I bet you guys have a vacation home in florida or NY lol

w1n78

really? the loan is about $28k plus the interest it came to around $30k. but the car itself was over sticker price. got my SSM navi for $36,200. with tax, lic, registration, etc. it came to around $39k something. put $12k down. so maybe i got them on the finance but they got me on the price of the car. no matter, the car is great!

if i had to do it again, i'd probably still pay over the sticker . guess i'm impatient at times. when i want something, i want it asap

moeronn

This is kind of confusing. They shouldn't be assessing the interest at the start of the loan. You pay the interest monthly based on the 28k loan. If the original loan was 28k, then the numbers sound about right.

svtmike

No, because car insurance covers so much more - liability especially - but also is your friend in dealing with other insurance companies and the legalities around insurance and accidents.

The words "I'm self-insured" in a car accident are probably best translated as "here's the vaseline; please be gentle".

Mike

nyb141

2005 TL with NAV:

Date of lease: April 9, 2005

Downpayment: $0
Lease Term: 27 months
Residual: 70%
MSRP: $35,670
Negotiated Price: $32,500
Due at signing: $1500 - includes NY bank fee ($1095), first month, new plates
Disposition Fee: $450
Monthly payment with taxes: $449.00 taxes included

* Note: Took me weeks to negotiated these numbers. Dealer has to be desparate for a sale to give such a price. Most dealers quoted me around $500/month for 42 months. Good luck negotiating. I sent a friend to the same dealership (in Westchester) and he got screwed. I dealt directly with the manager there.

A similar deal for 42 month, no disposition - offered $460/month

fmzip

How many miles a year on that lease?

I am looking to get into a TL and I will use it for business. I need 25,000 miles a year. Is $3160 under MSRP too good to get? What has everyone else paid?

BAddAzzNY"RN"

2004 TL with NAV:

Date of lease: Dec 2004

Downpayment: $0
Lease Term: 60 months
MSRP: $34,000+
Due at signing: $2500 - includes OEM body kit, new plates
Monthly payment with taxes: $749.00 taxes included