Need opinion and info!!!!

bbeteta89 · 08-01-2007, 06:03 PM

Im plannin on buyin the Fg2 w/ navigational...i have a choice. I can put a big down payment on it or pay for the car cash, and if i did pay all cash, wat would be a good price to pay for the car?...thanks in advance

PS: its a fiji blue ( if it matters)

MonkeyConQueso · 08-01-2007, 06:20 PM

Quote:

Originally Posted by bbeteta89

Im plannin on buyin the Fg2 w/ navigational...i have a choice. I can put a big down payment on it or pay for the car cash, and if i did pay all cash, wat would be a good price to pay for the car?...thanks in advance

PS: its a fiji blue ( if it matters)

I'd go for 20K, but you might be able to go down to 19.5K if you know your haggling skills and are willing to be patient.

I would also, as an incentive to the dealer to lower the price, go in saying you want a loan, and either A) Get the loan and pay it off within 6 months, or B) After they settle on a price, "change your mind" and write out a check. Although B) may make the dealer get pissed since they might have gone further down on the price because you were getting a loan (they make money off of the loan). I would do A) personally, since it will just drive your credit up.

Good luck man, and enjoy it!

BigT · 08-01-2007, 06:25 PM

It is always cheaper to pay cash because you don't have to pay the interest of a loan.

But if you don't want to wipe out your bank account (to save some for an emergency etc.) you could put down a large down payment and get a short (36 months) loan and you probably wouldn't pay much interest. If you do this make sure you get a loan that doesn't have an early payoff penalty so you can pay it off whenever you want. Getting a loan and paying it off is good for your credit also.

MonkeyConQueso · 08-01-2007, 06:34 PM

Quote:

Originally Posted by BigT

It is always cheaper to pay cash because you don't have to pay the interest of a loan.

But if you don't want to wipe out your bank account (to save some for an emergency etc.) you could put down a large down payment and get a short (36 months) loan and you probably wouldn't pay much interest. If you do this make sure you get a loan that doesn't have an early payoff penalty so you can pay it off whenever you want. Getting a loan and paying it off is good for your credit also.

^^ Yeah, that! I forgot about the early payoff penalty. Do make sure whatever loan you are getting doesn't have a payoff penalty.

And 6mo to 1yr of intrest might be worth the increase of your credit score. Although I'm sure there's some credit gurus out there that could tell you for certain.

bbeteta89 · 08-01-2007, 11:42 PM

Thanks guys...i will take those in consideration and find out more info on loans...ill let you guys know how much i got it for sometime next week..

KingMarineM16a4 · 08-02-2007, 06:58 AM

Quote:

Originally Posted by bbeteta89

Im plannin on buyin the Fg2 w/ navigational...i have a choice. I can put a big down payment on it or pay for the car cash, and if i did pay all cash, wat would be a good price to pay for the car?...thanks in advance

PS: its a fiji blue ( if it matters)

How is your credit? Want to make it better?

I'd put down enough to make the loan about 8-10k and then finance the rest and just use the money to pay it off in two years. That way you really build your credit and you have the money to pay for it.

Deedle · 08-02-2007, 07:49 AM

Quote:

Originally Posted by KingMarineM16a4

How is your credit? Want to make it better?

I'd put down enough to make the loan about 8-10k and then finance the rest and just use the money to pay it off in two years. That way you really build your credit and you have the money to pay for it.

I have to disagree, car credit is good, but its not as good as many other options, sure it will make it better but theres other routes that work better.

Nothing like a paid off car, wish my Si was paid for

bbeteta89 · 08-03-2007, 12:59 AM

Well i barely turned 18 aug.3, i have a beginners credit.

***Sirbelch*** · 08-03-2007, 01:50 AM

Then where did you get 20gs to buy a car?

KingMarineM16a4 · 08-03-2007, 07:32 AM

Quote:

Originally Posted by bbeteta89

Well i barely turned 18 aug.3, i have a beginners credit.

Believe me, put enough down to make your loan about 5k then just pay out the rest in 1 or 2 years with the money you have left over. Pay on time, or early, with like 10 more dollars than they ask for and your credit will sky rocket.

MAS33820 · 08-03-2007, 10:43 AM

I'd say put down a few thousand, put the rest in a high interest savings account..wamu has a 5% online savings account for free..that way ur money is earning money for u..i heard this somewhere but its a great idea to look into

bbeteta89 · 08-04-2007, 07:11 PM

Oh yeah...i already put some of my money in CD on a 5%...

bbeteta89 · 08-04-2007, 07:13 PM

I've already been to local dealers and the best deal ive gotten is 25$ k out the door...i think im not getting any good deals here in socal...but im still gonna look til i get the best deal.

xxhaimbondxx · 08-05-2007, 07:07 AM

Quote:

Originally Posted by MAS33820

I'd say put down a few thousand, put the rest in a high interest savings account..wamu has a 5% online savings account for free..that way ur money is earning money for u..i heard this somewhere but its a great idea to look into

earning interest on extra cash is ftw. But the fact that you have to pay taxes on that blows.

JSMexUsa · 08-05-2007, 10:57 PM

I am in the same position as you; saving up for a 2008 Civec EX L (leather)car because I am afraid won't qualify for the 2.9% honda special offers once on a while.
I think is better not to tell them how will you pay for the car at all; if the ask you, just say I need to know the price to figure how I will pay for it and keep asking for price, then when you get the price you want to pay you can either pay it cash; pay $10000-15000 and finance the rest in case they give you a decent interest rate, etc...
Sometimes they can give you a better price if you take a loan with them because they will make up for that with the interest.
I hear they hate when you pay cash as well.
You can always change your mind at the end of how to pay for it.
You can find a couple excuses, like: give me a minute have to call wife, then call anyone and comeback to table and say, I think I better pay cash or I will have to take the loan, spoke to my wife and needs the cash for something else, etc...
The first question dealers ask is how will you pay for it? you got a trade in? and how much you can afford to pay montly?
They avoid giving you price playing stupid games, like have to ask my manager, managers needs some more info from you, etc...
The best is to email 5 dealers asking them price and make the best 2 offers/dealers fight for your money.
When you go in person they know you will buy the car and they think you do not know anything about internet salesman, etc...
Good luck and let us know.
By the way you should get the best price on 2007 cars if buying it within 2 months because 2008 is coming in September and cero changes on the Si.

kgee · 08-07-2007, 12:34 PM

Why put money down?
Put 10k into a healthy stock or something that returns 15% and it should beat any rate they give you(esp. if you get a co-signer)
that way after a few years your 10k will have made over 4k for example, and lets say the fin. charge was 3500 or 4k
you break even, but you still have the 10k and its at 14k now earning interest at that amount.

Then you can sell the car for 15k prolly and now you have 40k sitting around(remember you said you have 20k and I said invest 10k of it) instead of 20k and you got to drive a nice car for a few years.

08-01-2007, 06:03 PM	#1 (permalink)
bbeteta89 Member Join Date: Jul 2007 Location: Ventura County, CA Age: 19 Posts: 69 Brian iTrader: 0 / 0%	Need opinion and info!!!! Im plannin on buyin the Fg2 w/ navigational...i have a choice. I can put a big down payment on it or pay for the car cash, and if i did pay all cash, wat would be a good price to pay for the car?...thanks in advance PS: its a fiji blue ( if it matters)

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Info about HID Conversions	JapTrapLove	Lighting, H.I.D.'s, & Neon	20	03-28-2007 09:13 PM
Personal Opinion	mcl5047@psu.edu	Mechanical Problems & Technical Chat	4	09-20-2006 07:19 PM
Computer Recommendation?	bikinpunk	Technology	13	09-09-2006 01:21 AM

08-01-2007, 06:25 PM	#3 (permalink)
BigT Senior Member Join Date: Jun 2007 Location: Duff Beer Krusty Burger Buzz Cola Costington's Department Store Kwik-E-Mart Stupid Flanders Park Posts: 1,621 iTrader: 1 / 100%	It is always cheaper to pay cash because you don't have to pay the interest of a loan. But if you don't want to wipe out your bank account (to save some for an emergency etc.) you could put down a large down payment and get a short (36 months) loan and you probably wouldn't pay much interest. If you do this make sure you get a loan that doesn't have an early payoff penalty so you can pay it off whenever you want. Getting a loan and paying it off is good for your credit also.

08-01-2007, 11:42 PM	#5 (permalink)
bbeteta89 Member Join Date: Jul 2007 Location: Ventura County, CA Age: 19 Posts: 69 Brian iTrader: 0 / 0%	Thanks guys...i will take those in consideration and find out more info on loans...ill let you guys know how much i got it for sometime next week..

08-03-2007, 12:59 AM	#8 (permalink)
bbeteta89 Member Join Date: Jul 2007 Location: Ventura County, CA Age: 19 Posts: 69 Brian iTrader: 0 / 0%	Well i barely turned 18 aug.3, i have a beginners credit.

08-03-2007, 01:50 AM	#9 (permalink)
*Sirbelch* Louder than 4 F404-GE-400 Join Date: Jan 2007 Location: Vacaville CA Age: 27 Posts: 5,597 Paul iTrader: 1 / 100%	Then where did you get 20gs to buy a car?

08-03-2007, 10:43 AM	#11 (permalink)
MAS33820 Senior Member Join Date: May 2007 Location: Queens, NY/ Nazareth, Pa Age: 22 Posts: 152 Mo iTrader: 0 / 0%	I'd say put down a few thousand, put the rest in a high interest savings account..wamu has a 5% online savings account for free..that way ur money is earning money for u..i heard this somewhere but its a great idea to look into

08-04-2007, 07:11 PM	#12 (permalink)
bbeteta89 Member Join Date: Jul 2007 Location: Ventura County, CA Age: 19 Posts: 69 Brian iTrader: 0 / 0%	Oh yeah...i already put some of my money in CD on a 5%...

08-04-2007, 07:13 PM	#13 (permalink)
bbeteta89 Member Join Date: Jul 2007 Location: Ventura County, CA Age: 19 Posts: 69 Brian iTrader: 0 / 0%	I've already been to local dealers and the best deal ive gotten is 25$ k out the door...i think im not getting any good deals here in socal...but im still gonna look til i get the best deal.

08-05-2007, 10:57 PM	#15 (permalink)
JSMexUsa Member Join Date: Apr 2007 Posts: 80 iTrader: 0 / 0%	I am in the same position as you; saving up for a 2008 Civec EX L (leather)car because I am afraid won't qualify for the 2.9% honda special offers once on a while. I think is better not to tell them how will you pay for the car at all; if the ask you, just say I need to know the price to figure how I will pay for it and keep asking for price, then when you get the price you want to pay you can either pay it cash; pay $10000-15000 and finance the rest in case they give you a decent interest rate, etc... Sometimes they can give you a better price if you take a loan with them because they will make up for that with the interest. I hear they hate when you pay cash as well. You can always change your mind at the end of how to pay for it. You can find a couple excuses, like: give me a minute have to call wife, then call anyone and comeback to table and say, I think I better pay cash or I will have to take the loan, spoke to my wife and needs the cash for something else, etc... The first question dealers ask is how will you pay for it? you got a trade in? and how much you can afford to pay montly? They avoid giving you price playing stupid games, like have to ask my manager, managers needs some more info from you, etc... The best is to email 5 dealers asking them price and make the best 2 offers/dealers fight for your money. When you go in person they know you will buy the car and they think you do not know anything about internet salesman, etc... Good luck and let us know. By the way you should get the best price on 2007 cars if buying it within 2 months because 2008 is coming in September and cero changes on the Si.

08-07-2007, 12:34 PM	#16 (permalink)
kgee Senior Member Join Date: Aug 2007 Location: San Fernando Valley Age: 26 Posts: 261 iTrader: 0 / 0%	Why put money down? Put 10k into a healthy stock or something that returns 15% and it should beat any rate they give you(esp. if you get a co-signer) that way after a few years your 10k will have made over 4k for example, and lets say the fin. charge was 3500 or 4k you break even, but you still have the 10k and its at 14k now earning interest at that amount. Then you can sell the car for 15k prolly and now you have 40k sitting around(remember you said you have 20k and I said invest 10k of it) instead of 20k and you got to drive a nice car for a few years.