Anyone paid off their fit yet??
#1
05-03-2006, 07:44 PM
Join Date: Apr 2006
Location: welcome to Jamrock
Posts: 2,211
Anyone paid off their fit yet??
like the title say since it's so cheap anyone paid it off yet?? Cuz I already paid my off 
which means I will have more money for mods haha
which means I will have more money for mods haha
#7
05-03-2006, 10:08 PM
Join Date: Apr 2006
Location: welcome to Jamrock
Posts: 2,211
Originally Posted by Okietom
I borrowed my own money. Kinda paid off. Even though I don't have my car yet.
#8
05-03-2006, 10:21 PM
Just paid off my Civic, and now I'm in for 60 months more of payments. I just have to keep telling myself, " I love my car. I love my car. I love my car."
#10
05-04-2006, 12:52 AM
It feels good to have that big purchase paid off but.....it doesn't make much sense having $16000 + of your money tied up in a depreciating asset. It is better to borrow the money, interest rates are so low right now, and get that $16000 working for you. You should be able to get a higher rate of return for your money than you are paying in interest on the loan.
Just another way of thinking about it. I truly understand the pleasure of having no monthly payments, but you can come out of it better in the end. I use this process to justify leasing my vehicles and therefore driving something new every 3-4 years.
Cheers.
Just another way of thinking about it. I truly understand the pleasure of having no monthly payments, but you can come out of it better in the end. I use this process to justify leasing my vehicles and therefore driving something new every 3-4 years.
Cheers.
#11
05-04-2006, 02:11 AM
Join Date: Apr 2006
Location: welcome to Jamrock
Posts: 2,211
Originally Posted by fitforlife
It feels good to have that big purchase paid off but.....it doesn't make much sense having $16000 + of your money tied up in a depreciating asset. It is better to borrow the money, interest rates are so low right now, and get that $16000 working for you. You should be able to get a higher rate of return for your money than you are paying in interest on the loan.
Just another way of thinking about it. I truly understand the pleasure of having no monthly payments, but you can come out of it better in the end. I use this process to justify leasing my vehicles and therefore driving something new every 3-4 years.
Cheers.
Just another way of thinking about it. I truly understand the pleasure of having no monthly payments, but you can come out of it better in the end. I use this process to justify leasing my vehicles and therefore driving something new every 3-4 years.
Cheers.
#12
05-04-2006, 08:47 AM
Originally Posted by fitforlife
It feels good to have that big purchase paid off but.....it doesn't make much sense having $16000 + of your money tied up in a depreciating asset. It is better to borrow the money, interest rates are so low right now, and get that $16000 working for you. You should be able to get a higher rate of return for your money than you are paying in interest on the loan.
Just another way of thinking about it. I truly understand the pleasure of having no monthly payments, but you can come out of it better in the end. I use this process to justify leasing my vehicles and therefore driving something new every 3-4 years.
Cheers.
Just another way of thinking about it. I truly understand the pleasure of having no monthly payments, but you can come out of it better in the end. I use this process to justify leasing my vehicles and therefore driving something new every 3-4 years.
Cheers.
Always retain the cash, cash is king.
#14
05-04-2006, 09:51 AM
I traded in a 2004 Honda Pilot, so needless to say I get a Fit for free along with a check for several thousand dollars. Thanks Honda, nice doing biznass with ya! 
#16
05-04-2006, 02:51 PM
Originally Posted by Fit For A Queen
I traded in a 2004 Honda Pilot, so needless to say I get a Fit for free along with a check for several thousand dollars. Thanks Honda, nice doing biznass with ya!
#18
05-05-2006, 12:39 AM
Paid it off here too.
.....
If the borrowing money to buy the car and investing the $16000 were just a sure-fire great deal with no chance for that backfiring, the bank would just invest in whatever you were going to invest in, instead of lending you the money. You think you're smarter than the bank?
If you're into that, you might as well have a margain account too with your broker. But I dont recommend that either.
.....
If the borrowing money to buy the car and investing the $16000 were just a sure-fire great deal with no chance for that backfiring, the bank would just invest in whatever you were going to invest in, instead of lending you the money. You think you're smarter than the bank?
If you're into that, you might as well have a margain account too with your broker. But I dont recommend that either.
Thread
Thread Starter
Forum
Replies
Last Post