How much did you put down?

[goldark]

I was wondering what you guys put down in order to purchase.

[Dave Compson]

$3000

I had to save for registration and insurance....

[LincMercLover]

$0

[MAD-3R]

2700

[Slowpoke]

all of it - paid cash
making payments every month is a hassle; paid cash for every car I ever bought. If I didn't have the cash; I didn't buy the car.

[mdmarauder]

Put $10000.00 in equity.

[Wags]

Whole thing. As a consultant, I'm not able to predict employment over 6 months to a year out. So I really don't want a car payment if there is no work. Too many other things suck up the money.

[jefferson-mo]

Put $7000 of my own...got $3000 in rebates so it was basically $10000

[RF Overlord]

goldark:

People put down what they can afford, or what it takes to make the monthly payments they want...it's different for everyone...
I'm just curious why you want to know this?

[goldark]

Originally posted by RF Overlord
goldark:

People put down what they can afford, or what it takes to make the monthly payments they want...it's different for everyone...
I'm just curious why you want to know this?

I have 4k saved up.
I'm trying to see if I should save up more before I should purchase the car. I don't really have any other expenses at this time and I still have a car that is good to go.

[Slowpoke]

4K can buy lots of pens and scratchpads!

[RF Overlord]

That's cool...

Normally, you should put down as much as you can, if you're borrowing the rest, but if you can swing it, Ford is offering 0% financing for 60 months...why give them your hard-earned cash up front? Keep it in the bank, or invest it in something that will pay interest, instead of giving it to Ford. The only drawback with doing this way is that the monthly payments are higher, of course, but then you still have your 4 grand if you need it...

[martyo]

Originally posted by RF Overlord
That's cool...

then you still have your 4 grand if you need it...

Like for chips, plugs, stats, shafts, torque converters, gears, exhaust tips, decals, speakers, window tint.......

[jefferson-mo]

Pens and scratchpads...................

[MassMarauder]

11K down plus $3500 in rebates. Borrowed 18k at 4.75%

[darebren]

big fat zero! with interest rates this low (i got 3.8%) why take money from anywhere else to put down on a car? rather pay off debt or invest it instead. with A plan and rebates I got about $10K off the price, so after tax I financed about $28k for 5 years at $535 a month. no biggey.

[drobin]

Put $13,000 up front, financed for 36 months @ 3.4% financing with extended warranty package resulting in a montly note of $475.00

Purchased in early July 03 when no incentives were available.

Donald

[JohnnyB]

$2,000 plus $2,500 in rebates. Financed the balance. Why take money out of the bank when rates are so low...

[tbore007]

3500

[sandman]

Just my trade in and the rebates, financed the rest @0.9%.
Long note of six years, but I hope to have it payed off sooner, needed that lower payment, under 5 bills a month.

[screamdennis]

4 grand ,no rebates had to eat it at full price

[TAF]

Originally posted by RF Overlord
That's cool...

Normally, you should put down as much as you can, if you're borrowing the rest, but if you can swing it, Ford is offering 0% financing for 60 months...why give them your hard-earned cash up front? Keep it in the bank, or invest it in something that will pay interest, instead of giving it to Ford. The only drawback with doing this way is that the monthly payments are higher, of course, but then you still have your 4 grand if you need it...

Now...I'm not a financial planner (although I HAVE played one on T.V.) but, my understanding has always been that a car is rarely...if ever an investment. In fact it is one of the most depreciating things you can purchase (especially in our case on this car with 300As going for $26K, now). Get the BEST interest rates you can get (can't get lower than 0%) and enjoy your purchase with as little down as you can afford the monthlies...

[Fourth Horseman]

$8000 in cash and $9000 for my trade-in. I also ate it at full price. The price of getting one early, I guess. *shrug*

[drobin]

I failed to mention that my purchase price was $1000.00 over invoice.

Donald

[CRUZTAKER]

10K down, 6k trade, 3.5k in rebates, 4k:milage reduction........
finance balance at 4.6% = 256.56/mo.

Almost as much as daycare.......poke, you can't pay cash for daycare!!!! The "CareNote" lasts forever :)

[Effster]

$0,yes 0...@ 0%,,the only right thing to do is use fords money,not your own.If you feel like it you could pay the tax up front,but they will roll that in also.

[jgc61sr2002]

Originally posted by Effster
$0,yes 0...@ 0%,,the only right thing to do is use fords money,not your own.If you feel like it you could pay the tax up front,but they will roll that in also. Jeff I agree in using Fords money, but what is the monthly cost. Is that 0% for 36 months. Sounds like about $ 800.00 per month. I financed my 2000 GM at 0.9 and thought that was great. The MM is a different story and I opted for the max in rebates. John

[Effster]

john,,right now its 0% for 60 mnths,.9% for 72

[jgc61sr2002]

Originally posted by Effster
john,,right now its 0% for 60 mnths,.9% for 72 That makes the payment more liveable. Thanks John

[kingsford]

11,000---I bought mine used from a local linc merc dealership with 300 miles. it left the dealership went to the "price is right" tv show and i saved around 8,000 for it. I didnt get the jacket though "it couldnt be found"

[RCSignals]

So "price is right" was the first owner of your car?

[engine23ccvfd]

I put down a total of 8000 with some cash and some trade-in. I took the 1.9 over 60 month deal instead of the rebate so I paid 29495 total minus down payment makes the payments cheaper than the truck I traded in and the insurance is cheaper for higher coverage.

[frdwrnch]

10K Down, 48 months @ 5.75%= $440 month. That was w/ Ford D-plan. Had to have first one in town. Ordered 4-15-02 delivered 6-16-02.

[1badcar]

0$ down

[DLoreanMARAUDER]

My dad put down $10,000 cause I got NO CREDIT and thats the only way they'd finance to me. But now I gotta pay back Dad and pay $439 a month for 60mo. But thank god for 0%APR, however the total comes out to $36,000! good ol' dad always there for me. except to co-sign THAT HE WOULDNT DO(afraid i'd mess up his bad credit)!

[Scott]

Car payments for some reason infuriate me. I put up with it for my wifes need for a new vehicle every couple of years.........but for mine......cash and carry.

[jgc61sr2002]

Went for the .09% on my 2000 GM, but chose the cash and carry method for my MM. I was losing the money in the market anyway. I figured that I would spend it before the market loses it. John :D

[Ken]

Cash and Carry. No incentives in late June. No regrets.

Ken

[Bigdogjim]

23,500 My F-150 was paid for.........
Big Dog
ps: they still run from me at the dealership....