how many of you owe money on your yaris?

[tekmoe]

i'm about to collect a large sum of money which will pay off my yaris. :headbang:

how many of you make payments?

how many of you actually own the car and do not make payments?

[60 Somethings]

We own it!

One of the benefits of old age - sometimes.

Have 2.9% loan on our 2006 4Runner (effective rate approx 4.5% with disc. we had to give up to get it), but.........our cash is earning 5%, and we just dole a little out each month to make the payment.

Therefore, if you have a low interest loan, you might not want to pay it off. (That assumes you are going to invest it wisely, not spend it.)

[Meteorite]

Paid cash. :thumbup:
Was gonna put 50% down at first to go on payments to boost up credit history, but then the interest was too high anyway so I figured - what's the heck. :smile:

[tekmoe]

unfortunately i did not have cash at the time of the purchase.

my 06 triumph speed triple was paid with cash. mostly 100 dollar bills. :redface:

http://djtekmoe.com/tekmoemoney.JPG

[Meteorite]

:clap:

[RogueYaris]

We owe on our yaris. Lots....

[tiksman]

I owe I owe. But maybe not for long. :thumbup:

[Blenjar]

Im be done in like 37 month..

:'(

[TrancosRt]

I'll be done in like 68 Months :S. Since I'm paying about $20 extra every month, hopefully it won't take that long...

[Blenjar]

well my play is 7.99%..my dad kind pays 325 a month and I pay 2100 a year(100 for 9 month, and 400 for 3 month (summer job) for 3 years..so its kinda hard to really do any upgrades..i dont even have power pkg!!! :'(

Dude if I didn't go to college for 6 month, my current IBM job paid me 750 a week...i would had been kinda half way done by summer 07..

-- Blen

[Nimble]

Mine is paid for in cash! No payments rock!

[Violin]

Paid cash - one of the reasons I chose a Yaris.

[Go4th]

i'm about to collect a large sum of money which will pay off my yaris. :headbang:

how many of you make payments?

how many of you actually own the car and do not make payments?

I paid off my 2003 Dodge Ram QuadCab two years ago. I traded in my truck and came out about even.

Besides that if I even kept the truck and had a full car payment the amount of money I save in gas would pay the car payment instead of filling up my truck as a daily driver. (15 mpg on the truck)

[bugnuts]

Paid cash - one of the reasons I chose a Yaris.

Ditto here!

[Nimble]

I paid off my 2003 Dodge Ram QuadCab two years ago. I traded in my truck and came out about even.

Besides that if I even kept the truck and had a full car payment the amount of money I save in gas would pay the car payment instead of filling up my truck as a daily driver. (15 mpg on the truck)

Nice. Haha I bet you're loving the 35 avg vs the old truck's 15? :wub:

[spkrman]

not that I have the $ to buy it straight out... but I bought the car to offset the repair and gas costs of my blazer... not to mention it was requiring(requires, heh) lots of body work/paint - the gas savings and savings on shipping since I can drop off boxes within a larger range while still coming in under shipping costs do pay for the car, and then some... the then some = mods/upgrades :headbang:

[Go4th]

Nice. Haha I bet you're loving the 35 avg vs the old truck's 15? :wub:

I love it!
It’s practically a free car!!!!
Like I mentioned b4 (I just can’t say it enough! Its exciting) if I kept the truck just the money in gas savings would pay for the car and fuel.
I elected to trade in the truck and go ahead and get what ever value there is in the truck now b4 it goes down any lower since its not what I want to keep forever. That will allow me to purchase a loaded truck for life.
More than likely it will be a Dodge Quad Cab Diesel 3500 or a Hummer I am leaning towards the Dodge for the diesel engine.
I have a few years to think about it. (When I have saved up for it).

[ChinoCharles]

I owe a bit... nice thing about a car like this is you cover the gap in about 12 payments on a 5 year loan, so the sucker is basically mine.

[St_G]

Wrote a check for mine.

[Racer X-8]

I'll be done in like 68 Months :S. Since I'm paying about $20 extra every month, hopefully it won't take that long...
You might want to hold onto your $20/month in your own account, where you can earn interest on it, until you've saved-up enough to pay-off your loan in-full. Unlike a motgage loan, prepayments on a simple car loan don't save you any money unless the prepayment pays-off the loan in-full. I learned that one the hard way myself, a long time ago. Prepayments that don't pay-off the loan in-full just sit in their bank, instead of one of your interest bearing acounts. They'll happily hold your money for you if you want them to though. The only interest you save on your loan is the itty bitty bit that is on the last payments. Those are the payments that you wind-up prepaying with your prepayments, but only when the load is paid-off in-full. Get it? That's why car loans suck and I hate having to have one.

Right now, I don't - the only money I owe is my mortgage (which I'm prepaying an extra $300/month on the principle). My yaris was bought with a credit card and a check. I wanted to put the whole thing on my Visa that gives you "bonus points". The bonus points can then get you free things, like, for instance, a $100 cash card for Chili's restaurant, which just so happens to have been how the three of us ate tonight. Yum.

The dealership would only let me put $3k on the card ($43k limit :biggrin: ) - bummer - and the rest was put on my personal check.

btw, I pay-off my credit card statement balances in full, just before the due date. Anyone who carries a balance on their credit card(s) has my deepest sympathies... :thumbdown:

[static808]

wrote a fatty check for the yaris. its weird since all of our checks usually go for utility bills, which lie in the $40-50 range. then BAM, you see this check written out for $17k flat. the bank musta been like, "what the hell??". same thing happened 4 months ago when we put a down payment for our sienna, a fat $14K check surrounded by $40 checks. luckily, we got 0% APR on the sienna...

--B

[foober]

paid cash. But have been saving for a couple of years for buying a good economical car. So it was all planned.

Its saving me so much on gas that its almost funny. Just for fun I go to gas places and put in a dollars worth of gas. People that work at the stores that pump the gas just look at me in shock. I laugh and tell them," see ya next week".:smile:

[mikeukrainetz]

originally leased the car for 5yr term - sold our place and paid it out cash as well as some other accrued debt.
btw - two kids more than makes up for the lost car payment....

[Go4th]

originally leased the car for 5yr term - sold our place and paid it out cash as well as some other accrued debt.
btw - two kids more than makes up for the lost car payment....

Checked your garage out.. You should be able to mark off suspension off your list.. Your 20's more than enough fill that gap.. I figured you had a kit on it and I was looking to see what suspension you used! I was'nt expecting to see 20's in there! it looks awesome!! :bow:

[mikeukrainetz]

thanks! some like some dont.

I want to buy the tein coilovers (or equivalent) just to keep it alot more stiff without so much drop (maybe 3/4" or so but stiff as hell)

I have so much on the go and on the wishlist Im having trouble trying to buy more mods. (Can anyone say 'Buell')

[qtguy]

i owe, but payments are are not bad! was able to get in good financial condition with no car payment that last decade or so.

[YamilR]

Cash talks and bullshit walks

[Jem_hadar]

i owe (of course), buying outright is not feasible with school debts, but payments are only 250$ a month. im pleased.

[PCMAN]

My dealer took Amex - Points!

[jthebeh]

i still owe 17 on mine it was my first car i bought so i kinda got a little screwed on it but i dont mind because its such a great car its so sweet i have had mine for 6 months and i already have 17000 mile on it and i havent had one problem other than somethin in the door got loose!

[redyaris]

A 2007 car...monthly payment $170...I owe 10K...plan to pay it off in a year or two...SWEET.

Gas....$20 per tank currently. SWEET.

insurance...sllight decrease in rate. SWEET.

Did I mention my Yaris is red as any Ferrari and should be good for YEARS due to Toyota quality? SWEET.

[nsmitchell]

My trade in covered mine, and I got $2700.00 back. That went to alloy wheels and bills. :)