I am paying my car in full. Definitely not doing a 3 year loan. The payments would be obnoxious unless you had 80% of the car to put down.
I was anyway saving 1000 a month for my car and can continue to pay that as EMI for next 3 years without any issues. Dont feel like paying extra $$ in interest if I can afford not to.
Then why not save til you can pay it off in full. :shrug:
Whats the difference? I 'll be losing 1000 a month either ways. However with EMI, I dont have to wait for my car until i can save the full amount.Then why not save til you can pay it off in full. :shrug:
The difference is you have no debt if you pay in full.
It's not all roses. I prefer to pay cash for my cars but on two occasions the only incentives were 0% interest so not taking it is like paying extra for the car. And in both cases, the car had to be titled in my name while financed. They would not title it in the trust I created for that purpose. Plus when it was paid off, it was 5 hours at DMV each time, getting it re-titled which triggered re-registration (and losing vanity plate spelling if I had them - I didn't on these). I did have to re-pay for veteran's plates because I had to get a new veteran's plate.
Mine showed up 6 days prior to build. It was scheduled to be built on a Wednesday and the sticker showed up the previous Thursday. So I'd say there's a decent chance it will be available today.
Hope mine shows up soon. I keeping getting an Access to this window sticker has been restricted on this site message. :doh:
Wow.. that is crazy fast.
3 weeks?!? Impressive:faint:
