Originally Posted by bidwell
then never finance any vehicle again. Save and pay CA$H
I live by that very theory whether or not I'm paying $5,000 or $25,000. You may go a while without the vehicle you want, but in the end it's a huge relief to not have that monthly payment hanging over your head. Not to mention it gives you complete control over the buying process completely turning the table on the salesman.
The only time I didn't do this I was screwed over by financing a 1998 Mazda B2500. I had the cash to pay it off right away, but I wanted to build some credit for myself and just pay it off in 4-6 months. Long story short, the Mazda was a turkey and I paid it off the following month and sold it. Hindsight's 20/20 they always say.