I'm paying $388.88 a month for a yaris.

[BlueLiftback]

Originally Posted by regime

right now I'm paying 400 a month... to my savings account. until i have 12000 and can pay for it in cash...

one of the best money lessons you will ever learn in not to pay for finance charges on something that loses value...

your basically paying for 2 cars and getting 1, just because you had to have it now and not wait..

but if you really needed it... you got it =)

Actually one of life's lessons should be to NEVER pay for a depreciating asset in it's entirety (i.e. pay cash for a car).

You would be far better off paying 6.5% or less on a loan, or better yet LEASING, and throwing all of your cash at an APPRECIATING asset like property.

That way, not only can you offset the cost of the financing, but usually can end up making $$$ at the same time...

Never pay cash for anything until it has fully depreciated.