Are you making payments? - Page 3 - Ranger-Forums - The Ultimate Ford Ranger Resource


General Ford Ranger Discussion General discussion of the Ford Ranger that does not fit in any other sub-forum.

View Poll Results: Do you make payments?
Yes 62 50.82%
No 60 49.18%
Voters: 122. You may not vote on this poll

Reply
 
LinkBack Thread Tools Search this Thread
  #51  
Old 04-01-2010
03crewcabranger's Avatar
Member
 
Join Date: Feb 2010
Location: Mty, Mx
Posts: 1,031
Cash. $7300 for an 03 crewcab with only 45k miles. Previous owner was old and didn't use it much. Except for some scratches, it is in mint conditions.
Reply With Quote
  #52  
Old 04-01-2010
ranger_1999's Avatar
Member
iTrader: (3)
 
Join Date: Jan 2008
Location: spindale, NC
Posts: 1,444
payd it off Cash the day of
Reply With Quote
  #53  
Old 04-01-2010
bucky919's Avatar
Member
iTrader: (1)
 
Join Date: Nov 2006
Location: Minot, ND
Posts: 1,943
Quote:
Originally Posted by 04blackedge View Post
$375 every month, woo.
Quote:
Originally Posted by 04blackedge View Post
Yeah I got that stupid extended warranty too, what a waste... my interest rate was like 13%, luckily my mom agreed to co-sign and it dropped to 7.25%
Ouch you must have not put anything down on yours, im paying exactly half of what your paying a month. I didn't have to have any co-sign on mine my interest rate is 4.9% I believe....
Reply With Quote
  #54  
Old 04-01-2010
RazorsEDGE's Avatar
There's no lifeguard in the gene pool
iTrader: (4)
 
Join Date: Aug 2006
Location: New Mexico
Posts: 7,501
No payments on any of my vehicles. But when I did make payments the Ranger was $194 a month and the 06 F150 was $204 a month. Paid the Ranger off in 4 years, and the F150 got paid off in 10 months.
Reply With Quote
  #55  
Old 04-01-2010
Machine090767's Avatar
RF Veteran
 
Join Date: May 2006
Location: Minnesota
Posts: 6,410
paid cash $19,589.00 after trade in, November of 2000
Reply With Quote
  #56  
Old 04-02-2010
morris's Avatar
RF Veteran
iTrader: (5)
 
Join Date: Feb 2008
Location: South Detroit.
Posts: 7,833
yes. 0% for 5 years. $445/month, 3 years left
Reply With Quote
  #57  
Old 04-02-2010
Ace's Avatar
Ace Ace is offline
Member
iTrader: (4)
 
Join Date: Aug 2007
Location: Central, Illinois
Posts: 3,448
259 a month at 6.99% if i sold my boat i could pay it off but then my credit would be much lower.
Reply With Quote
  #58  
Old 04-03-2010
shizzy's Avatar
Member
 
Join Date: Oct 2009
Location: Roseville, mn
Posts: 99
My wife bought the truck used in 06' and put half down. the payment was $130/Mo. I took over the truck and the payments in 08. I sent in at least $500 a month and had it paid off in under a year.

I dislike payments of any kind.
Reply With Quote
  #59  
Old 04-03-2010
SteveOh's Avatar
Member
 
Join Date: Mar 2005
Location: Ft. Campbell Kentucky
Posts: 4,585
paid cash with insurance settlement from my 00 ranger
Reply With Quote
  #60  
Old 04-04-2010
Member
 
Join Date: Mar 2010
Location: Tahlequah, Oklahoma
Posts: 9
Planned to pay cash, wound up financing........

Quote:
Originally Posted by cmc474 View Post
Just wondering because personally if I was making payments on my Ranger I would be disappointed as I don't like the ride and truck compared to other trucks. (don't ask me why I just feel that way)
My father has two 4 X 4 Dodge Rams with the Cummins TD engine -a '98 and an '07. Compared to my little trucklett, those rigs are rolling torture devices. And with the sway bars connected, their solid axle suspensions don't really flex all that great on the trail.

I didn't really know I wanted a Ranger when I bought my 2007 4 X 4 XLT last month. Nimble handling feel, decent accleration from the 4.0 / 5 speed / 3.73 limited slip drive train, and shockingly comfortable ride quality won me over in a big way. Frankly, I was pretty amazed at how comfortable the little truck was on the road.

I am also pleasantly surprised at how well the thing works off pavement. SLA torsion bar IFS really shouldn't work as good as the suspension on the Ranger seems to. It is easier to keep all four tires in contact with the terrain than I expected, given the front suspension design. Not quite as easy to pilot as my old TJ Wrangler was, but definitely easy enough to get me where I want to go without too much drama.

So I don't mind making payments on the thing. I absolutely love this truck.

In my case, the PO took the big hit on depreciation. I got the truck for $13,400.00 with less than 27K on the odo. It essentially presents as new. I could have cashed it out, and had the jack in bank to do so, but decided that financing was a smarter move in this case. The bank was willing to finance the thing as new, too, so I got a killer interest rate. It is complicated to explain, but it is "cheaper" to use the bank's money for this purchase than it would be for me to tie up my liquidity in a depreciating asset, thanks to the low rate of financing and the current rate of inflation. In simple terms, I can buy more with the bank's 10K today than I'll be likely to buy with my own 11K four years down the line. So I took my 10K and put it to work in a diversified portfolio to hedge against inflation. I'll pay the bank more than 10K for the 10K I borrowed from them, but not a whole lot more because of the low interest rate I borrowed it at. Conversely, I should realize a return on my 10K that I didn't spend that will outstrip inflation AND the finance charges on the loan.

I'm not normally one to finance stuff, but in my personal situation, it seemed to make sense in this instance.

Under $250.00 a month to drive what is essentially still a "new" truck and one that I really enjoy driving seems like a deal to me. I sincerely regret that the OP of this thread doesn't feel the same way about his truck that I feel about mine.

JP
Reply With Quote
  #61  
Old 04-04-2010
God,Country,FORD's Avatar
Member
iTrader: (1)
 
Join Date: Nov 2007
Location: Red Oak, IA
Posts: 2,468
Quote:
Originally Posted by 04blackedge View Post
$375 every month, woo.
Wow, thats just about what im paying, although i pay a little more and go with 400 a month. Lol. Paid 21,759.34 for my truck. Will be either paid completely off or down to less than 10K by next june.

If you are making payments on a vehicle you dont like, it sucks. But i LOVE my F150 and dont really mind it although a car not sucks either way to be honest.
Reply With Quote
  #62  
Old 04-06-2010
93rangerXLT4x4's Avatar
Member
 
Join Date: Aug 2009
Location: Salmon Arm BC
Posts: 959
Quote:
Originally Posted by dixie_boysles View Post
i have a question when for when you refinance, how does that work? im new to this kind of thing. When i frst got my job, i had a few things causing my interest rate to go up. First, i just had got a new job, so that didnt help. Credit score wasn't great, and i didnt pay a whole lot down ($1500). I had a co-signer. I'd like to refinace now that my credit score has gone up (about 70 points). I'd like to refinance to get my payment payment lower possibly. But im more concerned about getting my interest rate lower and getting my co-signers name off of the truck.

So how does it work? Ive been paying on the truck for a year and a half now never missed a payment. What happens when you refinance, you basically extend your payments another year. Is it pretty much like getting a new loan on the truck? someone please explain
i just refinanced my truck about a month or 2 ago. when i refinanced i used the money that i paid into the truck to pay off my credit card. its like "borrowing" money from your truck. before i refinanced i owed like $3200 left on my truck. but after i owed $5000 again. i've refinanced my truck twice now.. since a refinanced i owe on the truck another 3 years.


to answer the question, yes im making payments. it started out as a 3 year loan, but then i refinanced a couple times and now it'll be another 3 yrs till the sum ***** off.. if i didnt and i kept up my payments and stuff i would have the truck paid off in december but oh well **** happens!!
Reply With Quote
  #63  
Old 04-06-2010
Seb_L's Avatar
Member
iTrader: (1)
 
Join Date: Jun 2009
Location: Ottawa, Ontario
Posts: 1,071
545$/month until November 2014 at 3.99%
Reply With Quote
  #64  
Old 04-15-2010
99greenranger's Avatar
Member
 
Join Date: Mar 2010
Location: Garden City, MI
Posts: 126
I had $230 on my lincoln and hated that car so it sucked. sold that car and bought my ranger (which i love) outright.

no payment = more mods FTW
Reply With Quote
  #65  
Old 04-15-2010
BillC's Avatar
Member
 
Join Date: Feb 2010
Location: Navarre, Fl
Posts: 20
$251.00 a month at 3.45%, came with gap protection and one year I.D. protection. We will pay off the wife's DD this year and your just not living if you don't have a mortgage and a car payment.
Reply With Quote
  #66  
Old 04-15-2010
Member
 
Join Date: Mar 2010
Location: MD, MD
Posts: 17
$212/mo for me. with 6.99%. Bought my truck (05 4x4 edge) in Feb 2007 with 14,999 miles on it for $12,600. Put 2k down. Seemed like a good deal for me. 1st vehicle with payments - and can't wait to have it paid off!
Reply With Quote
Reply

Related Topics
Thread Thread Starter Forum Replies Last Post
Supporter Payments 99DangerRanger Ranger-Forums Office 2 10-30-2014 11:26 PM
No more car payments yay! Sonic04Edge General Ford Ranger Discussion 22 09-04-2010 12:49 PM
No more payments!!!!!!!!!!! whippersnapper02 General Ford Ranger Discussion 29 10-01-2007 12:26 PM
Payments on your Ford REUBER General Ford Ranger Discussion 35 07-04-2007 02:15 PM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -6. The time now is 07:12 PM.


We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.