I'm just looking at the numbers. Call the math stubborn if you will. I learned early on that paying inerest/finance charges/rent reduces your purchasing power in the long run and I try to keep the interest I do pay to a minimum and tax deductible.

I find it quite humorous that not being able to make a convincing argument makes you feel like a bigger man.

 

It really depends on how long do you think you will own the car and the depreciation rate on the vehicle and how much you will drive a year. I origianlly looking at leasing the S2K but I am commuting 15000 miles a year just from home to work. Clearly Leasing is not a good option. I would consider both leasing and buying as owning the car except by the end of the lease (most of the time) you are better off pick out another new car. You usually end up paying too much in interest to take up the option to buy out the car. My friend is leasing their family car volvo S80 and every 3 years he gets a new car keeping the lease payment in the same amount. However he bought his boxter S since it is the car that he is going to own for more than 5 years. You really just have to lay out the options and calculate which way is more economic and make more sense for your own situation.

 

well...with good timing(sarcasm), i will not be able to finance an s2000 or any car at this point. soooo close. oh well. hopefully i'll be able to get one down the road. i know i've only been a registered user for a few months now, but i've been lurking for the past 3 years. good stuff on here. and thanks to everybody and i guess i'll come back when i get an s2000 in the coming years. take care all.

*FYI* a member by the username of "theresadc" was the private party selling his s2k that i almost bought. pm him if you're interested in an '03 nfr with 11.2k miles. car is in excellent condition and he's a cool dude to talk with. good luck

 

hell no ................

 

The longest we've ever financed a vehicle for is 5 years and we won't do that again.

If you have an 84 month loan, you could be facing car repairs while still making car payments.

I can appreicate any efforts to keep payments down, but if you have to take an 84 month loan, maybe you need to think of a vehicle that suits your budget better..........for now.

 

No way I would go fo that length of time. I always go with the shortest time with the lowest rate. If I couldn't afford that, I wouldn't get the car.