They wouldn't let you pay cash???!!! WTF? That's just crazy talk. I can understand discouraging someone from carrying that much cash, but to turn the away and say get a check? That just doesn't make sense to me.

 

I wrote a personal check for the full amount.

I always do this with cars. Every time I buy a car, I start an automatic-deposit savings account tied to something with good stable interest. I then make "payments" automatically every paycheck into that account. I keep cars about 15 years, so I plan the payments to take into account interest and inflation to provide me with the right kind of cash to buy a nice car like the G with all the options every 15 years. Works great! I pay less in the end because the interest goes to me, not the bank!

 

That's a bold, blanket statement. We are not talking about a great deal of money here. Yes I can make more money investing the money and taking a loan out for the car. I have the titles to all my cars and toys in a safe deposit box. I will not make payments on toys and cars that depreciate so quickly. That is what works for me. I have done quite well "investing" money or I wouldn't be able to pay cash for these items. Now it seems I am way off topic to the original question which was simply "who paid cash for their G or something like that, can't even remember now that I went off on my tangent.....

 

paid mines in full with food stamps

 

Well I would tend to agree with Jspeed, I don't see why anyone would drop 40k cash on a car. Cars are horrible investments and if you have that much cash laying around, you could certainly do something better with it then put it into a car.

Unless of course you are just rolling in the doe and it just doesn't matter, then yea... pay cash and forget the hassel of having to make monthly payments. heh

 

Yeah, I paid a little more than half, up front via Bank Wire transfer

 

Cars are horrible investments, which is exactly why you should pay cash for them. Go into debt for a house or an education - those are great investments that you'll recoup the interest you pay on. But a car? Cash on the barrel-head.

 

No cash for me...I drove in with a car I was awarded...drove out with a brand new G! Done deal! No money involved at all...lol

 

wrote a check..sales man couldnt have been happier

 

You guys still have stamps in VA, in CA we use CC's to get food. (valley girl accent) Stamps are like so last century.

 

Cash.

Minimal debt (just the house mortgage) gets me better terms if I decide to do a leveraged investment. We are thinking of do a 20% down on an income property in the next year or so as everybody else runs away from that market.

At our house, if you really can't afford cash for a car we think you should buy something basic like a Honda Fit. Let's face it -- a G is a high end toy that you can have after you've cleaned up your room.

 

BRAVO iboy! Agree with both statements. Today it takes at least 20% down on income property to make cash flow pencil on monthly basis. Also with 20% down you wont have mortgage insurance to pay. We will be buying our first "multi family" property this summer. All others have been single family residence. The down payment on this one is $30K more than the entire purchase price of the first rental home we bought 15 years ago.

 

damn - I need a new job.

I need to make more money, I can't come close to paying cash.

 

That must be a NJ thing, my parents bought their car on their credit card without issues. For anyone about to mention how bad the interest is doing it that way, they paid it at the end of the month, so there wasn't any.

 

We leased, the rest of our cars were bought outright.