+Daemon+
January 8th, 2004, 11:09 AM
What should I do, when I sell one of my cars? use poll plz :)
Click to See Complete Forum and Search --> : What should I do....(spending $$$ question)
amyb
January 8th, 2004, 11:14 AM
It's nice to save extra money. :)
Cleetus
January 8th, 2004, 11:17 AM
2005 Mustang
Damned Angel
January 8th, 2004, 11:18 AM
why not go on a well deserved vacation?
Ya_know
January 8th, 2004, 11:19 AM
It all depends on what interest rate the WRX is at currently. If you are at anything below 2.9, I would strongly advise you not pay it off or pay it down. At 2.9 or better you would be better to save money with 2% interest, and you would only have .9% loss, yet still have a fat wad in the bank for emergencies.
Or you could invest the money, and make more than 2%...
Now, if the loan on the WRX is high interest...8-22%, PAY IT OFF! You are losing money big time!!!
Anything between 3 and 8 is a grey area; you have to make the call.
As far as new toys, I am married, with young kids. I don't remember what it was like to just buy something very expensive for myself :sad:
Or you could invest the money, and make more than 2%...
Now, if the loan on the WRX is high interest...8-22%, PAY IT OFF! You are losing money big time!!!
Anything between 3 and 8 is a grey area; you have to make the call.
As far as new toys, I am married, with young kids. I don't remember what it was like to just buy something very expensive for myself :sad:
+Daemon+
January 8th, 2004, 11:26 AM
It all depends on what interest rate the WRX is at currently. If you are at anything below 2.9, I would strongly advise you not pay it off or pay it down. At 2.9 or better you would be better to save money with 2% interest, and you would only have .9% loss, yet still have a fat wad in the bank for emergencies.
Or you could invest the money, and make more than 2%...
Now, if the loan on the WRX is high interest...8-22%, PAY IT OFF! You are losing money big time!!!
Anything between 3 and 8 is a grey area; you have to make the call.
As far as new toys, I am married, with young kids. I don't remember what it was like to just buy something very expensive for myself :sad: ahha thanx for the tips.
my apr is 5.4% (im 22 first new car 03 wrx, got loan on my own) 1 car out of 3 I own
I was thinking about maybe going to another country for 2 weeks like umm the uk maybe, or the down under...
Or you could invest the money, and make more than 2%...
Now, if the loan on the WRX is high interest...8-22%, PAY IT OFF! You are losing money big time!!!
Anything between 3 and 8 is a grey area; you have to make the call.
As far as new toys, I am married, with young kids. I don't remember what it was like to just buy something very expensive for myself :sad: ahha thanx for the tips.
my apr is 5.4% (im 22 first new car 03 wrx, got loan on my own) 1 car out of 3 I own
I was thinking about maybe going to another country for 2 weeks like umm the uk maybe, or the down under...
DocPC
January 8th, 2004, 12:31 PM
Rent the Hilton sisters for an evening.....
Stalemate
January 8th, 2004, 12:42 PM
It all depends on what interest rate the WRX is at currently. If you are at anything below 2.9, I would strongly advise you not pay it off or pay it down. At 2.9 or better you would be better to save money with 2% interest, and you would only have .9% loss, yet still have a fat wad in the bank for emergencies.
Or you could invest the money, and make more than 2%...
Now, if the loan on the WRX is high interest...8-22%, PAY IT OFF! You are losing money big time!!!
Anything between 3 and 8 is a grey area; you have to make the call.
As far as new toys, I am married, with young kids. I don't remember what it was like to just buy something very expensive for myself :sad:
I'm going to look you up when the time comes to finance my new car. http://forums.windrivers.com/images/smilies/tongue.gif
Or you could invest the money, and make more than 2%...
Now, if the loan on the WRX is high interest...8-22%, PAY IT OFF! You are losing money big time!!!
Anything between 3 and 8 is a grey area; you have to make the call.
As far as new toys, I am married, with young kids. I don't remember what it was like to just buy something very expensive for myself :sad:
I'm going to look you up when the time comes to finance my new car. http://forums.windrivers.com/images/smilies/tongue.gif
Ya_know
January 8th, 2004, 01:14 PM
I'm going to look you up when the time comes to finance my new car. http://forums.windrivers.com/images/smilies/tongue.gif
Cars suck when it comes to their value. I try to tell people, get low interest, and put nothing down, unless cash incentives outweigh the 0% loan, then 0% is your best bet!
A friend just bought a new 2003 civic, put $12k down on it, against my recommendation. She didn't hear too good. I think she financed $5000 for 3 years at a low interest rate. Here is the kicker in two years, that car will go well below $10000 in value, lets say it does total out in a wreck she owes around 1500, insurance pays that off, then gives her a cash settlement for the remainder of the blue book, lets say $7500. She now has about half of the original down payment, plus she is out two years worth of payments, and she will be looking for a new car! It will in effect have cost her $8000 to “lease” this car...$320 a month will get you into a Camery, forget about a civic.
As frequent as cars are in accidents, and as costly as fixing them is, meaning the older they are, the easier it is for them to total out, for me it is too much to gamble. I always say, get the GAP insurance, they pay what insurance doesn’t in the event you still owe for a car that was totaled, and then make minimum payments on a low interest loan. You talk the least amount of risk with that method, and you can keep money in the bank instead of depleting savings…
(all figures used are complete generalizations...)
Cars suck when it comes to their value. I try to tell people, get low interest, and put nothing down, unless cash incentives outweigh the 0% loan, then 0% is your best bet!
A friend just bought a new 2003 civic, put $12k down on it, against my recommendation. She didn't hear too good. I think she financed $5000 for 3 years at a low interest rate. Here is the kicker in two years, that car will go well below $10000 in value, lets say it does total out in a wreck she owes around 1500, insurance pays that off, then gives her a cash settlement for the remainder of the blue book, lets say $7500. She now has about half of the original down payment, plus she is out two years worth of payments, and she will be looking for a new car! It will in effect have cost her $8000 to “lease” this car...$320 a month will get you into a Camery, forget about a civic.
As frequent as cars are in accidents, and as costly as fixing them is, meaning the older they are, the easier it is for them to total out, for me it is too much to gamble. I always say, get the GAP insurance, they pay what insurance doesn’t in the event you still owe for a car that was totaled, and then make minimum payments on a low interest loan. You talk the least amount of risk with that method, and you can keep money in the bank instead of depleting savings…
(all figures used are complete generalizations...)
Diver01
January 8th, 2004, 02:05 PM
Cars suck when it comes to their value. I try to tell people, get low interest, and put nothing down, unless cash incentives outweigh the 0% loan, then 0% is your best bet!
A friend just bought a new 2003 civic, put $12k down on it, against my recommendation. She didn't hear too good. I think she financed $5000 for 3 years at a low interest rate. Here is the kicker in two years, that car will go well below $10000 in value, lets say it does total out in a wreck she owes around 1500, insurance pays that off, then gives her a cash settlement for the remainder of the blue book, lets say $7500. She now has about half of the original down payment, plus she is out two years worth of payments, and she will be looking for a new car! It will in effect have cost her $8000 to “lease” this car...$320 a month will get you into a Camery, forget about a civic.
As frequent as cars are in accidents, and as costly as fixing them is, meaning the older they are, the easier it is for them to total out, for me it is too much to gamble. I always say, get the GAP insurance, they pay what insurance doesn’t in the event you still owe for a car that was totaled, and then make minimum payments on a low interest loan. You talk the least amount of risk with that method, and you can keep money in the bank instead of depleting savings…
(all figures used are complete generalizations...)
I like the way you think. :cool:
A friend just bought a new 2003 civic, put $12k down on it, against my recommendation. She didn't hear too good. I think she financed $5000 for 3 years at a low interest rate. Here is the kicker in two years, that car will go well below $10000 in value, lets say it does total out in a wreck she owes around 1500, insurance pays that off, then gives her a cash settlement for the remainder of the blue book, lets say $7500. She now has about half of the original down payment, plus she is out two years worth of payments, and she will be looking for a new car! It will in effect have cost her $8000 to “lease” this car...$320 a month will get you into a Camery, forget about a civic.
As frequent as cars are in accidents, and as costly as fixing them is, meaning the older they are, the easier it is for them to total out, for me it is too much to gamble. I always say, get the GAP insurance, they pay what insurance doesn’t in the event you still owe for a car that was totaled, and then make minimum payments on a low interest loan. You talk the least amount of risk with that method, and you can keep money in the bank instead of depleting savings…
(all figures used are complete generalizations...)
I like the way you think. :cool:
King Grover
January 8th, 2004, 03:26 PM
hookers and booze
edball
January 8th, 2004, 03:26 PM
2005 Mustang
What he said !
What he said !
+Daemon+
January 8th, 2004, 03:58 PM
What he said ! the new body of the mustang was pushed back to 2006 :(
Cleetus
January 8th, 2004, 04:06 PM
WHAT!>!!?!!???
Give me a link!!!!
Of course then again, that gives me more time to get out of debt and hopefully get better financing when I go to get that new sweet sweet ride.
Give me a link!!!!
Of course then again, that gives me more time to get out of debt and hopefully get better financing when I go to get that new sweet sweet ride.
Diver01
January 8th, 2004, 04:07 PM
the new body of the mustang was pushed back to 2006 :(
:sad: :sad: :sad:
:sad: :sad: :sad:
+Daemon+
January 8th, 2004, 04:09 PM
WHAT!>!!?!!???
Give me a link!!!!
Of course then again, that gives me more time to get out of debt and hopefully get better financing when I go to get that new sweet sweet ride.
read it in car and driver
Ford is stopping all new productions and cancellin the focus, to only focus on the cobra and the lightning
Give me a link!!!!
Of course then again, that gives me more time to get out of debt and hopefully get better financing when I go to get that new sweet sweet ride.
read it in car and driver
Ford is stopping all new productions and cancellin the focus, to only focus on the cobra and the lightning
Stalemate
January 8th, 2004, 04:53 PM
read it in car and driver
Ford is stopping all new productions and cancellin the focus, to only focus on the cobra and the lightning
Cancelling the Focus???
Say it isn't so! http://forums.windrivers.com/images/smilies/tongue.gif
What's the Lightning?
Ford is stopping all new productions and cancellin the focus, to only focus on the cobra and the lightning
Cancelling the Focus???
Say it isn't so! http://forums.windrivers.com/images/smilies/tongue.gif
What's the Lightning?
NooNoo
January 8th, 2004, 04:56 PM
If you have that much to spare Daemon, there's a couple of things I didn't get for xmas..... :D
+Daemon+
January 8th, 2004, 04:59 PM
Cancelling the Focus???
Say it isn't so! http://forums.windrivers.com/images/smilies/tongue.gif
What's the Lightning?
one of the fastest trucks
http://www.elepent.com/photos/ford/01light.jpg
Say it isn't so! http://forums.windrivers.com/images/smilies/tongue.gif
What's the Lightning?
one of the fastest trucks
http://www.elepent.com/photos/ford/01light.jpg
Major Kong
January 8th, 2004, 08:33 PM
:confused: You mean people finance things other than a house?! :confused:
:confused: You mean you can finance a car too??? :confused:
:confused: People don't pay cash for new autos??? :confused:
Man I gotta get out more! :D
:confused: You mean you can finance a car too??? :confused:
:confused: People don't pay cash for new autos??? :confused:
Man I gotta get out more! :D
+Daemon+
January 8th, 2004, 10:29 PM
:confused: You mean people finance things other than a house?! :confused:
:confused: You mean you can finance a car too??? :confused:
:confused: People don't pay cash for new autos??? :confused:
Man I gotta get out more! :D
yup cars here are from 25-80,000 and hosues are from 300,000-1mil
damn california
:confused: You mean you can finance a car too??? :confused:
:confused: People don't pay cash for new autos??? :confused:
Man I gotta get out more! :D
yup cars here are from 25-80,000 and hosues are from 300,000-1mil
damn california
Jediab
January 9th, 2004, 12:07 AM
Cars suck when it comes to their value. I try to tell people, get low interest, and put nothing down, unless cash incentives outweigh the 0% loan, then 0% is your best bet!
A friend just bought a new 2003 civic, put $12k down on it, against my recommendation. She didn't hear too good. I think she financed $5000 for 3 years at a low interest rate. Here is the kicker in two years, that car will go well below $10000 in value, lets say it does total out in a wreck she owes around 1500, insurance pays that off, then gives her a cash settlement for the remainder of the blue book, lets say $7500. She now has about half of the original down payment, plus she is out two years worth of payments, and she will be looking for a new car! It will in effect have cost her $8000 to “lease” this car...$320 a month will get you into a Camery, forget about a civic.
As frequent as cars are in accidents, and as costly as fixing them is, meaning the older they are, the easier it is for them to total out, for me it is too much to gamble. I always say, get the GAP insurance, they pay what insurance doesn’t in the event you still owe for a car that was totaled, and then make minimum payments on a low interest loan. You talk the least amount of risk with that method, and you can keep money in the bank instead of depleting savings…
(all figures used are complete generalizations...)
Hey Ya_know,
So you are saying that paying a lot of money down low interest on something that goes down in value is overall worse than going with no money down high interest? I can see what you are saying, but I suck at financial things. I am in the market for a car soon, and was wondering what sort of formula to use to calculate what you are saying? Or is there a good website that explains that also?
A friend just bought a new 2003 civic, put $12k down on it, against my recommendation. She didn't hear too good. I think she financed $5000 for 3 years at a low interest rate. Here is the kicker in two years, that car will go well below $10000 in value, lets say it does total out in a wreck she owes around 1500, insurance pays that off, then gives her a cash settlement for the remainder of the blue book, lets say $7500. She now has about half of the original down payment, plus she is out two years worth of payments, and she will be looking for a new car! It will in effect have cost her $8000 to “lease” this car...$320 a month will get you into a Camery, forget about a civic.
As frequent as cars are in accidents, and as costly as fixing them is, meaning the older they are, the easier it is for them to total out, for me it is too much to gamble. I always say, get the GAP insurance, they pay what insurance doesn’t in the event you still owe for a car that was totaled, and then make minimum payments on a low interest loan. You talk the least amount of risk with that method, and you can keep money in the bank instead of depleting savings…
(all figures used are complete generalizations...)
Hey Ya_know,
So you are saying that paying a lot of money down low interest on something that goes down in value is overall worse than going with no money down high interest? I can see what you are saying, but I suck at financial things. I am in the market for a car soon, and was wondering what sort of formula to use to calculate what you are saying? Or is there a good website that explains that also?
silencio
January 9th, 2004, 03:23 AM
I would have though one of the foreign companies would have bought Ford by now. I thought GM was going to buy them last year after they started collaborating on building a few parts together.
As for financing, it sounds as if Ya_Know is almost counting on the car getting hit in order to cash in on the GAP. I don't think that's the wisest course of action but, 0% financing is nice. On the other hand, if the company is willing to give you 0% financing they also might be willing to knock something off of invoice if you pay cash. Always check the dealer holdback and never, ever pay anything above invoice anymore. I paid invoice for my truck in 2002 and still could have gotten it $2000 or even $3000 cheaper if I had looked around more. Save your money for when the economy tanks again or, look for last years model that some car dealer just wants to get off their inventory. Be a total dick when it comes to bargaining. Leave the store if you have to, sometimes they'll chase you into the parking lot. :)
As for financing, it sounds as if Ya_Know is almost counting on the car getting hit in order to cash in on the GAP. I don't think that's the wisest course of action but, 0% financing is nice. On the other hand, if the company is willing to give you 0% financing they also might be willing to knock something off of invoice if you pay cash. Always check the dealer holdback and never, ever pay anything above invoice anymore. I paid invoice for my truck in 2002 and still could have gotten it $2000 or even $3000 cheaper if I had looked around more. Save your money for when the economy tanks again or, look for last years model that some car dealer just wants to get off their inventory. Be a total dick when it comes to bargaining. Leave the store if you have to, sometimes they'll chase you into the parking lot. :)
Ya_know
January 9th, 2004, 09:47 AM
Hey Ya_know,
So you are saying that paying a lot of money down low interest on something that goes down in value is overall worse than going with no money down high interest? I can see what you are saying, but I suck at financial things. I am in the market for a car soon, and was wondering what sort of formula to use to calculate what you are saying? Or is there a good website that explains that also?
Here is a quick calculator:
http://ray.met.fsu.edu/~bret/amortize.html
What you do is plug in the amount financed, interest, and either money paid per month, or amount of payments but not both. The report then shows the amount of interest paid over the course of the loan. Play with that for a while and you will see that the higher the interest the tremendous amount of money lost if you take too long paying it off. Conversely, lower interest, you don't save much if you pay them off in half the time instead of full term, so it isn't worth it to throw large sums of money from savings at low interest loans, but high interest, Pay it off!
If you own a house, put all the extra money you have towards the principal early, and you will save in the 10's of thousands of dollars in interest, and can shave 10 years off of the loan easily. But then a house will always appreciate, where cars depreciate (common knowledge, I_know), so it is actually a good investment, a car is NOT an investment, unless it is a collectable...
Silencio, you are right, but in 3 ˝ years I had two cars creamed that I still owed money on and as careful as I was I still lost unnecessarily. It doesn't hurt until it hits the fan like that, but when it does, you kick yourself every time. GAP is usually 300-500, and you can finance that in with the car. I would rather take the chance that it is going to be creamed, and let Gap pay of the remainder, then be ahead on the loan. If it doesn’t, I loose $2000 over 5 years in interest, and the $300 insurance. If I stay ahead, like I did with these other two cars, dropping a couple thousand down payment, all to get a check from the insurance for $1.28 going towards a new car…the decimal is in the right place, :eek2:, I still have the check, never cashed it.
That car, I was ahead over $4000 with down payment, and early payments. The second, ahead about the same, but I owed $2000 on suspension work and tires I just had installed several months before, so down almost $6000. Got $800 from insurance after the loan was paid off to buy my current ride.
I speak from experience; I’ve been burned twice. Don’t let it happen to you!
So you are saying that paying a lot of money down low interest on something that goes down in value is overall worse than going with no money down high interest? I can see what you are saying, but I suck at financial things. I am in the market for a car soon, and was wondering what sort of formula to use to calculate what you are saying? Or is there a good website that explains that also?
Here is a quick calculator:
http://ray.met.fsu.edu/~bret/amortize.html
What you do is plug in the amount financed, interest, and either money paid per month, or amount of payments but not both. The report then shows the amount of interest paid over the course of the loan. Play with that for a while and you will see that the higher the interest the tremendous amount of money lost if you take too long paying it off. Conversely, lower interest, you don't save much if you pay them off in half the time instead of full term, so it isn't worth it to throw large sums of money from savings at low interest loans, but high interest, Pay it off!
If you own a house, put all the extra money you have towards the principal early, and you will save in the 10's of thousands of dollars in interest, and can shave 10 years off of the loan easily. But then a house will always appreciate, where cars depreciate (common knowledge, I_know), so it is actually a good investment, a car is NOT an investment, unless it is a collectable...
Silencio, you are right, but in 3 ˝ years I had two cars creamed that I still owed money on and as careful as I was I still lost unnecessarily. It doesn't hurt until it hits the fan like that, but when it does, you kick yourself every time. GAP is usually 300-500, and you can finance that in with the car. I would rather take the chance that it is going to be creamed, and let Gap pay of the remainder, then be ahead on the loan. If it doesn’t, I loose $2000 over 5 years in interest, and the $300 insurance. If I stay ahead, like I did with these other two cars, dropping a couple thousand down payment, all to get a check from the insurance for $1.28 going towards a new car…the decimal is in the right place, :eek2:, I still have the check, never cashed it.
That car, I was ahead over $4000 with down payment, and early payments. The second, ahead about the same, but I owed $2000 on suspension work and tires I just had installed several months before, so down almost $6000. Got $800 from insurance after the loan was paid off to buy my current ride.
I speak from experience; I’ve been burned twice. Don’t let it happen to you!
ClickHere2Surf.com
January 9th, 2004, 10:13 AM
Get a projector like minei n my thread "Which screen is bigger?" and make yourself a TV up to 300" diag for as little as $1000 US, not to mention the image quality is far superior than a TV.
+Daemon+
January 9th, 2004, 10:25 AM
Get a projector like minei n my thread "Which screen is bigger?" and make yourself a TV up to 300" diag for as little as $1000 US, not to mention the image quality is far superior than a TV.
im a big movie nut, and ive seen how projection screen tvs, and projecters look, not very crisp at all :(
if anything id like to get a 40 inch LCD tv damn those are nice but have no place for it :(
im a big movie nut, and ive seen how projection screen tvs, and projecters look, not very crisp at all :(
if anything id like to get a 40 inch LCD tv damn those are nice but have no place for it :(
ClickHere2Surf.com
January 9th, 2004, 01:00 PM
I dont know what projectors you saw that werent crisp, was it recently? Because just 2 years ago $3000 US projectors looked like crap, now $1000 projectors beat all low-mid end TVs in terms of sharpness and quality.
I agree projection TVs look like crap and I would never even consider buying one.
So either the projector was making a too big screen for it's resolution or the focus was off because on my projector it is VERY sharp and crisp and beats ALL TVs I ever saw, the quality is unbeleivable, but it is a 1024x768, and 800x600 will look pretty blurry compared to XGA on a large screen.
So I'd recommend you check out projectors again because they can't be beat for home theater experience, even for $1000-1100 you can an XGA (the one I have) Sharp PG-A10X that is unbeleivable, look at my other thread you'll see pictures, you can't call that not crisp/sharp!
I agree projection TVs look like crap and I would never even consider buying one.
So either the projector was making a too big screen for it's resolution or the focus was off because on my projector it is VERY sharp and crisp and beats ALL TVs I ever saw, the quality is unbeleivable, but it is a 1024x768, and 800x600 will look pretty blurry compared to XGA on a large screen.
So I'd recommend you check out projectors again because they can't be beat for home theater experience, even for $1000-1100 you can an XGA (the one I have) Sharp PG-A10X that is unbeleivable, look at my other thread you'll see pictures, you can't call that not crisp/sharp!
ClickHere2Surf.com
January 9th, 2004, 01:02 PM
Also what was playing on it? If it was analog TV f course its gonna be pretty bad, but put a DVD or better yet, HDTV and you'll see what it can do!
Escape_Driver
January 9th, 2004, 05:03 PM
If you go down under stay at the Four Seasons Sydney one of the nicest places I've ever stayed...
http://www.fourseasons.com/sydney/vacations/quick_facts.html
As for the WRX there is loads of stuff you can do Tubro's, Nirous or computer work. Or Tires and rims
Look at this link : http://www.tirerack.com/
You can see what the rims would look like on you car before you buy
A bigger screen is always good easier on the eyes.
http://www.fourseasons.com/sydney/vacations/quick_facts.html
As for the WRX there is loads of stuff you can do Tubro's, Nirous or computer work. Or Tires and rims
Look at this link : http://www.tirerack.com/
You can see what the rims would look like on you car before you buy
A bigger screen is always good easier on the eyes.
+Daemon+
January 12th, 2004, 10:48 AM
If you go down under stay at the Four Seasons Sydney one of the nicest places I've ever stayed...
http://www.fourseasons.com/sydney/vacations/quick_facts.html
As for the WRX there is loads of stuff you can do Tubro's, Nirous or computer work. Or Tires and rims
Look at this link : http://www.tirerack.com/
You can see what the rims would look like on you car before you buy
A bigger screen is always good easier on the eyes.
eheh thanx
I ahve some 18's on it with toyo type Z low pros
put an cold air intake on it already, and a full computer system in it (karmador) I want to get coil overs for it. but there $3,000 :(
http://www.fourseasons.com/sydney/vacations/quick_facts.html
As for the WRX there is loads of stuff you can do Tubro's, Nirous or computer work. Or Tires and rims
Look at this link : http://www.tirerack.com/
You can see what the rims would look like on you car before you buy
A bigger screen is always good easier on the eyes.
eheh thanx
I ahve some 18's on it with toyo type Z low pros
put an cold air intake on it already, and a full computer system in it (karmador) I want to get coil overs for it. but there $3,000 :(
vish
January 12th, 2004, 12:29 PM
dont think !
Just spend :p
Just spend :p
Cobra X
January 12th, 2004, 11:18 PM
Your head a splode.
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