View Poll Results: Do you have a car payment?
I am still financing.
43
40.95%
I am leasing.
8
7.62%
My car is paid off.
55
52.38%
Multiple Choice Poll. Voters: 105. You may not vote on this poll
Poll: How many people here still have car payments?
06-03-2008, 07:13 AM
#1
Racer
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Poll: How many people here still have car payments?
I'm just curious. Any of you guys remember life before a car payment? I made a mistake of doing a 39 month lease before I decided to finance and pay off the car so I don't have to worry about making a payment every month on something that just goes down in value...
Well technically I still have some time left but I'm hoping to pay my 3 yr loan off in a year's time.
Of course this is only taking into account one car...so some of you may have payments on one car but have another one paid off so the value of your new car doesn't drop too much due to high mileage.
Well technically I still have some time left but I'm hoping to pay my 3 yr loan off in a year's time.
Of course this is only taking into account one car...so some of you may have payments on one car but have another one paid off so the value of your new car doesn't drop too much due to high mileage.
Last edited by nyclio; 06-03-2008 at 07:16 AM.
06-03-2008, 07:45 AM
#2
Suzuka Master
Join Date: Dec 2005
Age: 41
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2003 PT Cruiser GT
Paid off 2 years ago with a personal loan. Paid off the personal loan at the beginning of the year.
Gonna help pay off the Yaris, though.
Id like to never have a car with a payment again, but thats kind of difficult if you want a more expensive car. You actually have to work and save up for it.
I heard European Delivery is hard to finance because the bank doesnt get the title for months, so it may turn out that Ill buy my next car in cash.
Paid off 2 years ago with a personal loan. Paid off the personal loan at the beginning of the year.
Gonna help pay off the Yaris, though.
Id like to never have a car with a payment again, but thats kind of difficult if you want a more expensive car. You actually have to work and save up for it.
I heard European Delivery is hard to finance because the bank doesnt get the title for months, so it may turn out that Ill buy my next car in cash.
06-03-2008, 08:01 AM
#3
Go Giants
About to get 2 new car loans...
06-03-2008, 08:07 AM
#5
אני עומד עם ישראל
Another 3 1/2 years on my TL.....
06-03-2008, 08:11 AM
#7
Suzuka Master
Last car payment I had was for my 97 CL. With note & insurance, it was $400/mo. My current car and the car before it were paid cash, no car note since 2003. That's how I will always try to keep it, I hate car payments
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06-03-2008, 08:24 AM
#10
Still making payments 
I've been irresponsible and buying mods but I'm still on top of my payments if that makes sense. Payments + full coverage insurance is $290/mo
I've been irresponsible and buying mods but I'm still on top of my payments if that makes sense. Payments + full coverage insurance is $290/mo
06-03-2008, 09:47 AM
#15
Senior Moderator
all 3 vehicles are paid for. Its been nice not having payments, but they are getting up in age now and i will have to purchase replacements soon 
06-03-2008, 09:54 AM
#17
hates the winter
Join Date: Oct 2006
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Yup, still have a payment, but I'm making extra payments. As soon as the credit card is paid off I'm paying $1,000 a month until the loan is satisfied. Got the car 11/06, so I hope by this time next year it will be done. Then after that, no new cars until I own a house.
06-03-2008, 09:54 AM
#18
Senior Moderator
iTrader: (1)
2 notes- wife's SUV will be paid off in a year. Mine will be paid off in 2. Hate it.
06-03-2008, 09:59 AM
#19
Senior Moderator
Haven't made a payment since mid 2003...
And I've been putting away the money I would have spent on car payments in a "next car" fund... Did the same thing with the last car when I paid it off which allowed me to put 1/2 down on the CL...
And I've been putting away the money I would have spent on car payments in a "next car" fund... Did the same thing with the last car when I paid it off which allowed me to put 1/2 down on the CL...
06-03-2008, 10:00 AM
#20
Senior Moderator
Originally Posted by LuvMyTSX
I paid her off in January, 2.5 years early. I didn't feel like having a loan anymore.
06-03-2008, 10:28 AM
#22
Originally Posted by fsttyms1
all 3 vehicles are paid for. Its been nice not having payments, but they are getting up in age now and i will have to purchase replacements soon
Paid off my wife's 2003 Honda Civic and my 2004 Honda Accord last December (Civic 6 months early and Accord 30 months early).
It's nice not having a car payment, and I just might keep to that in buying used cars from now on.
The thing that sucks is that with only one income now, putting away money for the 'next car fund' will be very tough.
Last edited by gatrhumpy; 06-03-2008 at 10:31 AM.
06-03-2008, 10:51 AM
#23
dɐɹɔ ǝɥʇ ʇɐɥʍ
Originally Posted by Crazy Sellout
2 years left on the 335i
Maybe 5 years left on the mazda, unless i pay it off early. But the rate is so low that i doubt I will.
Maybe 5 years left on the mazda, unless i pay it off early. But the rate is so low that i doubt I will.
Bingo, even though most car loan rates aren't as phenomenal as they were 5 years ago, they are still pretty damn good. It shouldn't be hard to make at least twice what the car loan rate is. I hate paying any interest, but there are times where it is not as bad as it initially looks.
06-03-2008, 11:38 AM
#24
Senior Moderator
My "new" S2000 is paid off.
The RL will be done in 3 years.
The RL will be done in 3 years.
06-03-2008, 11:41 AM
#25
The Third Ball
Join Date: Sep 2002
Location: Los Angeles, Ca
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nope.
Sold my CL 3 years ago and bought my used pathy for the very reason of having no note...while needing a cargo carrier.
Fiancees civic has been paid off since i met her.
There is a chance I might take over the payments on her sisters 08 civic ex if she goes to grad school in NYC, but she put a huge down payment on the car. So, the monthly note is very low.
Sold my CL 3 years ago and bought my used pathy for the very reason of having no note...while needing a cargo carrier.
Fiancees civic has been paid off since i met her.
There is a chance I might take over the payments on her sisters 08 civic ex if she goes to grad school in NYC, but she put a huge down payment on the car. So, the monthly note is very low.
06-03-2008, 12:15 PM
#27
Fahrvergnügen'd
Yes I still have payments on my MS3. 42 month note ($11k down).
I won't be buying new anymore as much as I'd love to have an A5 S-Line.
I hate car payments but I get tired of my cars at about 18 months.
There's nothing wrong with the MS3. I just wish I had something nicer even if it was slower. Considering selling the MS3 and using the $9k after payoff to buy a Civic as my beater and then start saving for a used A5 in a couple years.
I won't be buying new anymore as much as I'd love to have an A5 S-Line.
I hate car payments but I get tired of my cars at about 18 months.
There's nothing wrong with the MS3. I just wish I had something nicer even if it was slower. Considering selling the MS3 and using the $9k after payoff to buy a Civic as my beater and then start saving for a used A5 in a couple years.
06-03-2008, 12:17 PM
#29
Senior Moderator
No payments! 
06-03-2008, 12:25 PM
#30
Fahrvergnügen'd
I'd love to figure out a way to trade cars every 3-6 months and not lose my ass.
I guess I could if I bought '86 Camrys over and over but that's not what I'm talking about
I guess I could if I bought '86 Camrys over and over but that's not what I'm talking about
06-03-2008, 12:49 PM
#31
is learning to moonwalk i
Originally Posted by godfather2
i leased my car in march 05 and paid off in nov 07
My wife's car was paid off just a couple of weeks ago. Mine should be paid off in a few more months. Then we'll turn around and buy her a new vehicle with higher payments than either of the two cars we currently have
06-03-2008, 01:14 PM
#35
Time to Climb
Originally Posted by moeronn
You mean you paid off your lease early or you decided to buy the car outright from the lease? If you are leasing, there is no benefit to paying it off early. If you total the car, all the money you paid is just gone.
got an exceptional deal since my pops was my salesman!!! employee pricing ftw 
06-03-2008, 01:16 PM
#36
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I havent had a car payment in 4 years
06-03-2008, 01:17 PM
#37
Loving my 08 TLS!
I usually pay cash for the car, but this time I took advantage of the special 0.9 financing. Just made my first payment, 47 months to go. The rest of the money is in an online savings bank earning interest.
06-03-2008, 02:46 PM
#39
Race Director
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Originally Posted by JediMindTricks
paid off my 05 TSX in january....
...2 days before getting into an accident.
...2 days before getting into an accident.
Anyway I have never had a car payment and its awesome.
06-03-2008, 02:59 PM
#40
Trolling Canuckistan
1 title in hand.
1 payment.
Shortly after I pay a car off, I get the itch for something new. My problem is I never seem to be able to give up the old car, but with a 100 mile round trip commute, I'm psyched to be putting all those miles on the beater.
1 payment.
Shortly after I pay a car off, I get the itch for something new. My problem is I never seem to be able to give up the old car, but with a 100 mile round trip commute, I'm psyched to be putting all those miles on the beater.