SSandMaxima

I bought my 2k GXE last year with 22k miles for 17k. put 7k down at the time, owe 7k on a three year loan

see5

So I guess you want to know who owes the most or has the worst deal?
For me 0/0
There are several guys who outdid themselves here but that is the vast minority.

00Semaxi

I owe 21,800 on my 2k2. I just got it on monday
I pay 418 a month.

Boots

I bought mine 6 weeks ago, after trading in my '94 SE:
Sticker: $27,255
Paid: $22,500+taxes, etc.
Put down: $10,000
Payments: $312/month

I hope I got a good deal. Mine is relatively stripped with just a sunroof, mats, and mud guards as extras. Who the *$%@# needs a heated steering wheel?

JAKE02

I owe about 21K on my Max, pay 446 month at 5.9%.

slickrick

iTrader: (12)

i owe 20,000 @ 5.9 and the payments r like 380. i got it for 22,700 +++, if u know what that code means. 2k2 se auto with leather

see5

Zip, but I am older than most!

CIRCO

iTrader: (1)

Car is completely paid for, I paid cash. 23 years old too.

slickrick

iTrader: (12)

they didnt question you as to y u paid in cash? here if u pay anything big in cash they wonder if its drug $.

CIRCO

iTrader: (1)

Any transaction over 10K in cash has to be documented and certain documentation of the person with the cash has to be taken. There is a federal form that needs to be filed. Ussually this happens at a bank when you do the withdrawal. I forget what its called but yes they do question and you have to answer

Neal728

They didn't do anything like that for me, and I paid it all off in cash. 24k. And I'm 23 also. Let's just say I got into the stock market when I was young, worked through college, and drove a 92 Ford Explorer. Feels really good to only have insurance payments though!

2K2SE

I owe about $22K after four months. Payments $443 @ 2.9%. Just payed off my other car and am trying to decide between double payments or investing the extra. Probably will just mod.

ssp34

How long are your loans for? I have 3 years at 0.9% and put 9K down on 27.5K + taxes and fees and I'm paying 678/mo.

2K2SE

60 months

remykins

WOW I guess I paid more than I should. I picked my Max up in Dec and paid 27,500 after tax and everything.
Needless to say I still owe too much!!

ssp34

Okay.. that makes more sense.. I was thinking I got screwed somehow. One more question.. someone told me that they heard you're only supposed to pay interest on half the amount you borrow, but most dealers do it on the total amount you borrow. Is this just a story someone tried to pull on my friend or is this true?

NYC2SD

On my new Y2K2 I owe about 13K. I had mucho positive equity in my old Y2K that I sold privately and used that as a down.

2K2SE

Nope, you didn't get screwed, you'll just be paid off before I am. On the interest question, most interest accrues daily on the remaining balance. I've never heard of paying interest on only half the purchase price, and I've had 6 car loans. IMHO, that sounds like something slimy dealers would tell unsuspecting young buyers.