CELL

it actually works out to be a little over 10g's in interest IF i held onto the life of the loan.
What can I say, low credit scores and negative equity on a trade doesnt help to much.
My plan is to pay it down quickly to where what I owe is lower then what its worth, then turn around and sell it and then go back to toyota with that in my favor, thus givin gme a higher credit score, and get financed for another one at a lower rate

killerxromances

$8K down, $230/mo

TurboMe

if u have the money y pay interest? :D even if I were to finance and over the time I loose about 500-1500. That 500-1500 i can spend on other things.

bahamut_zero

No matter what, its always better to pay something off as fast as you possibly can. Its better to have enough money to buy something outright then great credit. Always.

If I could have bought my tC outright, I would have. Put down all the money I had saved. Then I wouldn't have had a monthly payment I had to WORRY about. I havn't researched it, but my interest must at least add on an extra 2000 bucks to my 5 yr plan.

NGs_TC

I pay about $262.00 a month For 72 months at around 5.25% apr. I put down $4,000. I plan on paying the car off early. I just wanted the lowest payment possible for months that I will have extra expenses.

miggy

4000 down and 273.03 a month over five years. Will pay off early though.

tCtuNeR216

7k down, $350 a month over 3 years 4.9%

ajnast4r

460$ @ 72 months with NO INTEREST is 33,000$... thats more than double the price of a new scion.

you couldnt possibly have gotten talked into paying 33,000$ for a scion

Emo

wow.. for 8 bucks more a month I'm paying off mine in 3 years less than you.. so that menas that you will be paying an extra 10K AND the total amount on the car will be a little less than 23000 WITHOUT the 5% apr.. you better have some options on it or else buddy they screwed you over for a stock tc

-Emo

trench

313 for the tC and 297 for the xA. Not bad. 1000 down on each, 5 years, at 3.9APR

Sprso_2

on-line credit approval with my bank in 90 seconds!
5% interest
0 down
72 months @ 270.99
total cost 16,100

erc21

5,000 down, first ever new car last june, lol. 265 a month with 4.25 apr with the security system.

jrv2000

Well first of all, i dont really have any credit because i just got my first credit card 6 months ago. I have been using it semi frequently, and paying it off before the grace period is over, so right now im in the process of establishing my credit. Second of all to me it doesn't make sense to finance a car when i have all of the money, because ill just end up paying more in interest. Instead of spending additional money via interest, i can put it towards aftermarket parts, which I have been doing.

indianenvasion

ordered it...gettin it in june

putting down

8k my money rest from parents

gettin stock tc for 12,884. change + tax title lic

loan from parents 0% intrest

payin mom and dad back for the car...... priceless!

no but im really going to pay like 150 a month

HyperZ

Maybe what he meant was that IF you had a savings account that paid interest, you could use the money in a bank account to make more than you'd pay in interest for the car.

While it's theoretically a good idea, it's not as simple as that. You start to lose money by making payments on the car, so those returns aren't going to be big returns after a while. This is also assuming anyway that the interest accrues at a better or equal interval at the bank, which may not be the case.

Probably best to just pay it off and not have to worry about it. It's a done deal and one less thing to worry about, rather than trying to make a few hundred extra dollars over 5 years.

jrv2000

ya, ^^^^^^^I though about that, but when i thought about it, I would be paying around 3-4 percent in interest for a loan, and my savings account only pays 1% interest, so there is no way that I could have made up for the money lost.

Audicted

$360/mo at about 6.5%, 60 months and $3000 down

Flint Mica Auto with Side Air Bags and lowering kit around $18,000 before tax and $1000 platinum warranty: Total before $3000 down payment, $21, 006.77 =(

budman650

I hate payments, too. I paid cash for my truck. It was nice not having to wait for that bill to come in the mail. The real estate market is hot out here and I use my cash flow to buy and sell so I can make money on that $18K+ for the car. I guess everyone's situation is different,

SCI_TC_GUY

automatic only option......hair over 18 with gap and all....
72 months...8.5%.........348/mo.

CELL

Are you serious
The 460.00 is with the interest figured into it.
Whats goog about toyota is they apply a HUGE percentage of that towards the principle. SO paying it down below what its worth will be easy. Especially if done in the first year