Scrib

Just curious what the most popular terms are for loans and leases here.

You can select more than one option.

LuvMyTSX

60 month loan at 3.9%, payment is $297/mo but I'm paying $375/mo to get rid of it early.

iTimmy

$466/60 but I am paying $1000 a month and it will be paid off in about 2 years.

Pure Adrenaline

iTrader: (2)

How much did you put down? Did you buy it used?

Will Y.

Hey, what about those of us with 42- or 48-month leases?
And do payments include or exclude taxes-- that makes a big difference, like here in California where the tax rate is between 7.75% and 8.25% depending on county.

Edit: Poll asks what we are "paying," so I will assume taxes and fees are included.

Scrib

48 month lease!!!??? Holy crap!

I'll edit the poll.


Oh and... Payment means everything... Taxes, etc.

cusdaddy

36 month lease $540/month. 0 down with taxes, fees and extended warranty rolled into the monthly payments. 18,500 miles/year.

LuvMyTSX

Yes, I bought used - an '04 CPO with 16k on it. Total was $25k including tax and I put $9k down. Acura had a sweet 3.9% APR at the time, so I made out pretty well.

Whiskers

0/0

Ken1997TL

Paid in full

ZhenyaF

iTrader: (6)

TSX w/ Navi, 36 month lease, 469/month, 12k miles/year, everything in payment.

GreenMonster

0/0 since like May 2003...

I did have a $3xx payment for 60 months before I paid it off...

Trackruner228

iTrader: (1)

Yeah I bought my car used and payed full for it.

Scrib

Even if you HAD a loan, provide the terms...

Whiskers

The TSX was 5 year purchase....The EuroFocus is all mine...

Crazy Bimmer

Just sent in my last check on the Audi




It was $500+ for 48 months at 4.9% loan

Shoofin

xB, 60 mos, 4.95% APR @$310/month-There was no special financing when I got it, only standard rates. Not too bad..
X3, 24 mos@$395/month
S2k, 27 mos@$330/month

fsttyms1

Started out as a 36 month lease at 480. then 2 years into it i bought the car off the lease and was making 700 a month payments to get it payed for. All mine now with 225k on her

F23A4

2007 Honda Accord EX-L V6 w/Navi:
$2,000 total pd @ inception/$378-mo/12k-yr/36 months

2005 Nissan Murano SL AWS w/Touring Pkg
$2,400 total pd @ inception/$407-mo/15k-yr/39 months

2000 Nissan Quest SE w/Navi---- PAID FOR!! (By far the longest I have ever owned one vehicle -- 7 years and counting....).

jz-97-c7

$296.00/month for my 05colorado, purchased spring 06
$721.00/month for wife's CPO 04 MDX, purchased summer 05


i envy you guys with the low lease payments...but she drives waaaay too much and i like to cut stuff off my trucks so we wouldn't last too long with a lease

Maximized

290 a month for 60 months at 3.9%. I'll probably end up paying the car off within 36 months(next year).

Scrib

Lots of 60 month terms!!!

F23A4

I debated about whether or not to lease the 07 AV6 or pay ~125/mo more to just purchase an identical 06 AV6 but, I came to the realization (with the wife's help) that I enjoy flipping my cars (so to speak) every few years. (If I were still into modding my ride then, leasing would definitely be out of the question.) That coupled with me being a daily train commuter, makes leasing the better choice for now.

F23A4

EVERY new car purchase (and some used) we made has been with 60 month terms. Only our Quest was kept long after making that 60th payment. IIRC, all the others were traded well in advance of coming to term....which helps us justify our decision to lease.

jz-97-c7

the funny thing is she likes to be in something new all the time too...me i'll just slice something else off the suspension and i'm good. after we move back to va, we may go the dark side with a lease, since the boss is probibly getting a job that gives a company lease.

spdy0001

$412/month
60 month term
3.9% rate

Purchased it spring of 03 will be paid off in two months. My goal was to pay it off in 4 years and im going to succeed

iTimmy

I think it offers a lot of flexibility and good interest rates, very few car loans have early payment penalties but if you hit tough times chances are high you will have a car payment you can handle. I would have gone 72 month, but it effects interest to much, I always make larger then minimum payments and in the event I had a cash flow problem(which can happen in business) I would be fine.

I don't think a 60 month term is wise if you put nothing down, your upside down for to much of the loan, my

Scrib

I was thinking the exact same thing. Most loans these days are 60 months but people don't pay them off early. And then they go to trade.. And they're upside down on the loan.