03-13-2013, 12:38 PM
Put as much down as you can, if you're buying. I put something like 26% down on the ST, because I didn't want to finance more than $20k.
The Ford dealer shopped my credit around to get me financing, and I ended up getting the loan through SunTrust. I took a 5-year loan, but I'm over-paying it like mad so it won't actually take that long to pay off. My goal is that if I end up selling the car in a few years, before the loan is completely paid off, to not be underwater on it. It'd be way better to pay off the balance and even pocket a grand or two.
Leasing feels like renting a car to me, so I didn't bother investigating it much.
The Ford dealer shopped my credit around to get me financing, and I ended up getting the loan through SunTrust. I took a 5-year loan, but I'm over-paying it like mad so it won't actually take that long to pay off. My goal is that if I end up selling the car in a few years, before the loan is completely paid off, to not be underwater on it. It'd be way better to pay off the balance and even pocket a grand or two.
Leasing feels like renting a car to me, so I didn't bother investigating it much.
Now:
'16 Ram 1500 | '97 BMW M3 | Some Press Loan
Then:
87 BMW 325e | 91 BMW 535i | 96 BMW 328i | 95 BMW 325i | 95 Mazda Miata | 13 Focus ST | 09 BMW 128i | 00 Pontiac Firebird | 05 Yukon Denali | 96 BMW 328iC | 11 Ford F-150 | 06 BMW M3 | 10 Range Rover SC | '03 Ford Ranger | '18 Ford F-150 | '01 BMW X5 | '98 Volvo S70 T5M
'16 Ram 1500 | '97 BMW M3 | Some Press Loan
Then:
87 BMW 325e | 91 BMW 535i | 96 BMW 328i | 95 BMW 325i | 95 Mazda Miata | 13 Focus ST | 09 BMW 128i | 00 Pontiac Firebird | 05 Yukon Denali | 96 BMW 328iC | 11 Ford F-150 | 06 BMW M3 | 10 Range Rover SC | '03 Ford Ranger | '18 Ford F-150 | '01 BMW X5 | '98 Volvo S70 T5M