Euro : Owned or finance?

[V205]

Hi guys,

Just wondering how many Euro drivers here own their own cars (as in owned outright)? If finance, is it tax/work beneficial or personal finance?)

Regards,
V

[kam]

I got pwned

[Peekay34]

I own outright no finance

[EuroAccord13]

Outright here..... (Less for cash helps in the deal)

[yfin]

Paid outright as well.

[TwEigh]

dad paid outright for me :o

[euro77]

paid outright. I don't believe in finance... except for homeloan coz I don't have that much money :D

[V205]

Cool... all own outright (including me) so far.

Interestingly.. I would have thought financing a car gets a better price because they make a lot more $ on the loan.

[stephen8512]

paid outright...

[Alpine]

Paid outright...via credit card and got a bizillion rewards points which I've since used to get lots of cool free stuff. Of course I paid out the credit card once the statement arrived so no interest had to be paid. :)

[fabcat]

Paid outright...via credit card and got a bizillion rewards points which I've since used to get lots of cool free stuff. Of course I paid out the credit card once the statement arrived so no interest had to be paid. :)

Yeah I once had the thought of getting a high limit charge card just for that purpose but I figured they either wouldn't let you pay by credit card or that they would charge a surcharge. So I also want to know if you paid a surcharge or did they just charge you full retail (no bargaining) when you maybe could have talked them down in price.

[adammet04]

im finance only 41 months to go..LOL

[PNR888]

I paid my Euro outright.. almost emptied my bank account back then
.

Alpine: Which dealer in BNE accept Credit card for car purchase?? I thought they only accept bank cheque or cash (as in notes)...

[yfin]

Alpine: Which dealer in BNE accept Credit card for car purchase?? I thought they only accept bank cheque or cash (as in notes)...

For that sort of money the dealer must have factored it into the price. A 1.5% credit card fee on a $35k car is a whopping $525 transaction fee for the dealership.
Not the sort of money a dealership gives away :rolleyes:

[V205]

Yeah... it's all factored into the final price. I was able to put $4k on my credit card for some points.


For that sort of money the dealer must have factored it into the price. A 1.5% credit card fee on a $35k car is a whopping $525 transaction fee for the dealership.
Not the sort of money a dealership gives away :rolleyes:

[TwEigh]

Paid outright...via credit card and got a bizillion rewards points which I've since used to get lots of cool free stuff. Of course I paid out the credit card once the statement arrived so no interest had to be paid. :)


you indeed have high credit limit on ur credit card hehe, :thumbsup:

[eurosp]

I paid outright too. I paid my deposit by credit card, no surcharge.

[bigdongers]

I financed my CRV. Its a tax write off for work and also, I dont have that much cash to spend on the car at once.

[sodaz]

Paid outright. You pay a lot more with finance.

[Ronin]

Finance - complete tax write-off so I can spend my money on other things. And in 3 years time, I'll just upgrade to another car.

[tknova]

Finance for me... I'm only 21... But, put down a 20k deposit...

[PERTH_EURO]

finance

20k deposit rest to pay off

[Entity]

finance
no deposit
they will earn 8k interest over the 5 years.

i think dad can claim 30% of it... because its not fully work car.

[jackosimm]

interesting results here, seems 50/50. Financing a car has its pro's and con's, just comes down to who you are and the money involved.

[adammet04]

I wish i had a lazy 35 odd grand to buy the euro with....but i prolly wouldnt id put it into a dep for a house.... i thought i was going to be the only auto driver who financed... ! LOL

[euro1978]

Bought outright but only could I couldn't be assed taking a loan to buy something expensive.

I don't really understand the point of this thread though :confused:

[Suntzu]

Im leasing mine through my company. 2 years 50% residual, about $900 a month. = NewHonda for me in 2007 ! :)

[tanalasta]

Finance. Novated lease.

Exactly what Suntzu is paying. I will own it after three years. Provided I do more than 15000km a year, the interest is "roughly" the same as what I am saving in pre-tax dollars.

Only I get pre-tax & no GST on fuel, maintainence, tyres etc...

[tamero]

finance via esanda. I think over the life of the loan its like 6 gs. extra thats working off 35000 loan. It was either getting the loan or not getting the euro. I think ive made the right choice. :)

[nickowns]

finance, novated lease for 1 year, $23000 residual after 25000km, prolly can sell it back on the market for around 30?

[BusterSonic12]

outright~ right here :D:D go euro !!

[ngupil]

Finance 15k
dont have the money to purchase it outright
my dad kicked my ass when i asked him for 15k to buy a new car

[jamchen]

um... wondering what sort of credit cards are used to prucahse euro...
guess it Diners right? :P

[BiLL|z0r]

Payed cash outright here. Been saving for a house deposit but figured may as well use this cash that we have rather than pay interest on a car we can afford straight away. Now we just have to start saving for a house again.

[Spec83]

I got it finacnce as well for the remaining - $15.5k plus $2k cash so $25k loan :( only 2.5yrs left hahaha

[Euro Ricko]

Financed with 15k deposit until a long term deposit matured, then paid in full.

Lady in finance, tried to tell me to not to finalise the loan and put my money elsewhere...pffft.

[euro69]

outrite owned.
cash payment up front ehehehe

[Pumped]

Paid Outright :)