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View Poll Results: What best describes how you paid for cars
Paid cash every time 43 41.35%
Financed every time 11 10.58%
Paid cash for some, financed some 46 44.23%
Bought a used car every time 8 7.69%
Bought a new car every time 19 18.27%
Bought some cars new, bought some cars used 35 33.65%
Multiple Choice Poll. Voters: 104. You may not vote on this poll

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Old 02-03-2010, 04:50 PM   #21
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Mostly new and mostly cash but financed the last one at 0% since they would not reduce the price for cash.
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Old 02-03-2010, 05:15 PM   #22
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My first 3 cars were bought used and for cash. My next 7 cars, trucks, or vans were purchased new using loans, and were paid off well ahead of schedule. My current car was purchased very gently used....it was bought new by the prior owner 8 months before I bought it, and it had been sitting on the dealer's lot for 4 months.....the prior owner didn't like it for some reason, and traded it in. The original sticker was $18,475 (give or take a dollar or two), I got it for $11,000 plus my 11 year old Mitsubishi.....and I was happier than you could imagine! I got a very low interest rate on a car loan, so I used that and left my money in an account that was making better interest.

I don't see myself buying new anymore.....I'll stick with the gently used, and will pay for it in which ever way seems that makes the most sense at the time.

........Oops, just remembered that my first new truck (one of the seven new vehicles), was paid for with a cash settlement from a van that I totaled out...........
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Old 02-03-2010, 05:17 PM   #23
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I bought cars in 1986 (new), 1992 (used), and 2007 (new) and I paid cash for all of them. The one I bought in 1986 left me with about $20 in my bank account but I was living with my parents at the time and got paid from work 2 days later. Within 6 months I had saved up and gotten back to what I had before I bought the car.
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Old 02-03-2010, 05:39 PM   #24
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anybody got the urge for one of these cuties?

Street Legal Bumper Cars Pack Cool In Small Packages - Auto Motto
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Old 02-03-2010, 06:11 PM   #25
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Old 02-03-2010, 06:37 PM   #26
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Always buy new - usually pay cash, but the dealer usually gives me an extra $1-2k off if I finance. So I finance and pay it off in a couple of months
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Old 02-03-2010, 06:47 PM   #27
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I'd have to say all of the above . I've paid cash . I've financed cars . I've bought new and I've bought used . Whatever seems reasonable at the time .
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Old 02-03-2010, 06:49 PM   #28
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When I was young I financed new cars. Now that I'm old I buy used for cash.

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Old 02-03-2010, 07:16 PM   #29
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All of the above.

Last was used for cash.
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Old 02-03-2010, 11:35 PM   #30
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Bought new and used. Always cash. Only borrowed money once, mortgage on first house, paid it off ~22 years early.
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Old 02-04-2010, 12:40 AM   #31
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Newest car is >10 years old. Cash. Used.
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Old 02-04-2010, 07:41 AM   #32
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We always buy used and pay cash. Makes me spend less on a car and not stretch.

Currently drive a 2003 Chevy Suburban and a 2006 Chrysler 300. Alas, not very stylish or sexy, much to my DW's regret (and sometimes mine).
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Old 02-04-2010, 08:26 AM   #33
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Quote:
Originally Posted by calmloki View Post
anybody got the urge for one of these cuties?

Street Legal Bumper Cars Pack Cool In Small Packages - Auto Motto

That's fabulous!
The suggestion that replacing the Harley Davidson engines with something else could be thought of as a reduction in power was hysterical.



"...These cars were first powered by Harley engines, but figuring the loud roar wasn’t really all that good for these cars, Wright gave them more subtle Honda and Kawasaki engines. That however, does not mean that the cars lost their power..."
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Old 02-04-2010, 10:33 AM   #34
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Paid cash for some, financed some. At least through 2003. I only bought one new car in my life, a 1984 Honda Accord.

We now only buy used vehicles for cash. Being free of consumer debt is very important to us. We tend to buy "certified" used for our primary vehicle.
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Old 02-04-2010, 11:39 AM   #35
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Originally Posted by Westernskies View Post
Newest car is >10 years old. Cash. Used.
Wastrel! The average age for a car at my house is 20.66 years old...


Of course that average is heavily weighted by the older "hobby" car...
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Old 02-04-2010, 12:10 PM   #36
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interesting - us used and cash only guys average car age - you 20.66, me 19 for the drivers. not adding in the '56 Chev getting work done or the 56' VW scattered around the garage.
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Old 02-04-2010, 12:51 PM   #37
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When it isn't winter I still drive the 76 Monte a good bit so felt I could include it. With just the "young-uns" I'd be at 14.

The Toyota p-up just turned twenty, the CRV is 8.

I live in a college town. Most of the students drive newer vehicles than me. I prefer to drive'em til the wheels fall off. Then I put the wheels back on and do it again. And in the case of the Monte I bought in 1984 I do it again and again and again and again...
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Old 02-04-2010, 01:30 PM   #38
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The average age for the cars at our house: 3 weeks... We just bought 2 new cars to replace a 9-year old VW and a 13-year old Mazda.
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Old 02-04-2010, 01:47 PM   #39
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Starting out--bought used and financed. Later on bought new and financed. The last three cars that I have bought were new and paid cash. Already have the cash saved for next car---plan to purchase a year and half from now. I expect that this forum is very atypical with all the cash buyers. When I worked, co-workers who leased were shocked at the idea of paying cash for a car. They also traded far more frequently than I.
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Old 02-04-2010, 03:54 PM   #40
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Have always purchased new every three years. Retired from GM and still get a discount but it's about 10% now and not that inticing. In recent years we have leased. May not be the best way to go financially but at the end of lease you can buy or turn it back in. I'll never drive a car out of warranty. However, we are considering buying used in the future, like one year old, drive it for a couple years and if we like it buy an extended warranty and keep on driving. We used to get a big discount on upscale cars that had 3000 miles on them but those days are long gone. I still have a little heart left for the old company, but not much. I'll buy what ever is the best deal for us, not GM.
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