Own or Loan

bdejong11129 · 01-28-2011, 05:02 PM

Branching from the "How much do you make poll", I think it would also be inetersting to see who took out a loan for their Z4 and who paid up front.

Simply put:
If you took out a loan for the car you fall into the Loan category.
If you paid cash up front then you are in the Own category.
If you paid off the loan you still fall into the Loan category.

ZStig · 01-28-2011, 05:09 PM

60 months, 2.99%, penfed

3002 tii · 01-28-2011, 05:19 PM

Quote:

Originally Posted by Roffle Waffle

60 months, 2.99%, penfed

Just noticed you're in Warminster, PA - only reason I know of that city is because I used to work with a large packaging supplier in that area, Double H - talk about random

But back on topic, I'm using Penfed as well with the same rate.

ZStig · 01-28-2011, 05:37 PM

yeah its a very small town geographically, and I'm always in philly

Foxland · 01-28-2011, 05:59 PM

I've owned in years, always leased, it's nice to own, no payments and a title in the draw. I guess a lot easier with an "old" car.
Mo

KevinC · 01-28-2011, 07:10 PM

5 year loan when I bought in '07, paid off balance in '09, she's now all MINE.

sabbanick · 01-28-2011, 07:13 PM

3.6% finance, 48m term, 10k down

mousitch · 01-28-2011, 07:28 PM

2.9% $17000 down 36 months

gatorfast · 01-28-2011, 08:39 PM

Loan. Put down about 50% though. Buying an engagement ring and a house in the last year means no flat out purchase for me.

I would have financed though even if I did have enough to pay outright. Id rather pay in small increments as I go along than one huge lump sum. Can always pay if off early if I choose.

Finnegan · 01-29-2011, 02:16 AM

Loan, could have bought it outright but I wanted to keep cash on hand for emergencies. The car was too good a deal when we found it to pass it up (and I figured finding one later would become harder and harder to do), so the plan was to pay it off in a year rather than pay in a lump sum. Yes, there was some "penalty" to this in terms of interest, but I felt better about paying that and keeping reserves at an adequate level. The car will be paid off in March.

Z4Murder · 01-29-2011, 06:16 AM

4% for 48 months, put about 8k down

RBull · 01-29-2011, 07:28 AM

Cash only for everything.

HOG4DNR · 01-29-2011, 08:10 AM

Mostly cash, financed 10k at 3.?? for 4 years, will be paid off long before then.

03BeastCharmer · 01-29-2011, 10:10 AM

There is a skew to this poll as some are the original owners, so the cost was $45K+ vs 2nd owners where the cost is less than $30K

dazed^ · 01-29-2011, 10:43 AM

Quote:

Originally Posted by 03BeastCharmer

There is a skew to this poll as some are the original owners, so the cost was $45K+ vs 2nd owners where the cost is less than $30K

There's all sorts of variance. Take the price of an M and compare that to a 2.5i, for instance. Or the price differences across the world. Example: the M roadster was 83.000 euro (113.000 USD in todays exchange rate lol) new over here, without options.

But you can still have the poll, variance or not.

FerRrari · 01-29-2011, 11:25 AM

I had a 0 down mortgage, I then refinanced my home, took the money, put down 3 down payments on expensive property, rented them out and took out a refinancing loan on two of those, the third one I sold as a time share. I then used the money to create a new social networking startup, got some angels and VCs to invest, we IPO'd and I short saled everything.

Huz-Z · 01-29-2011, 01:46 PM

Quote:

Originally Posted by RBull

Cash only for everything.

I own my car out right as well, no loan.

The only interest any banker may have in my car is an envious stare as I drive right by the bank without stopping and extend my friendly and economical one finger wave -

Screw you, Bankers!!!

StigJ · 01-29-2011, 05:41 PM

Loan. Had to have a little extra to pay for the Z. Got about 50.000$ from the bank in may 2010. Payed it back in september

The total cost for my Z4 was 87.000$.
So I now own both the E46 and the E86

The__J__Factor · 01-30-2011, 05:35 PM

Its amazing that you guys can get 1-4% finance.

bdejong11129 · 01-31-2011, 11:23 AM

The 3%-4% range is available especially if you have a sizable downpayment, its the 1% that is shocking to me. I may have to look for that one the next time. I couldnt find anything better than 4% when I bought mine so I just paid cash for it.

The__J__Factor · 01-31-2011, 05:05 PM

Most car loans here are about 10-15%

esqu1re · 01-31-2011, 05:18 PM

Quote:

Originally Posted by The__J__Factor

Most car loans here are about 10-15%

They should send the bankers who thought of that on a penal colony located on an island. That will teach them! ;D

01-28-2011, 05:02 PM	#1
bdejong11129 Private First Class 7 Rep 114 Posts Drives: 87 E30 Join Date: Aug 2010 Location: Raleigh iTrader: (0)	Own or Loan Branching from the "How much do you make poll", I think it would also be inetersting to see who took out a loan for their Z4 and who paid up front. Simply put: If you took out a loan for the car you fall into the Loan category. If you paid cash up front then you are in the Own category. If you paid off the loan you still fall into the Loan category.
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01-28-2011, 05:09 PM	#2
ZStig instagram 997turbotom 279 Rep 7,377 Posts Drives: Interlagos Z4MR Join Date: Jun 2008 Location: Delray Beach, FL iTrader: (4)	60 months, 2.99%, penfed __________________
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01-28-2011, 05:37 PM	#4
ZStig instagram 997turbotom 279 Rep 7,377 Posts Drives: Interlagos Z4MR Join Date: Jun 2008 Location: Delray Beach, FL iTrader: (4)	yeah its a very small town geographically, and I'm always in philly __________________
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01-28-2011, 05:59 PM	#5
Foxland Private 3 Rep 60 Posts Drives: Merlot Red Z4 3.0 Roadster Join Date: Dec 2010 Location: Boca Raton, FL iTrader: (0)	First car I've owned in years, always leased, it's nice to own, no payments and a title in the draw. I guess a lot easier with an "old" car. Mo
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01-28-2011, 07:10 PM	#6
KevinC your average JAMF 3101 Rep 4,094 Posts Drives: '21 M2 Comp, '19 Golf R Join Date: Oct 2005 Location: Cochise County, AZ iTrader: (0) Garage List 2019 VW Golf R [0.00] 2021 BMW M2 Competi ... [0.00]	5 year loan when I bought in '07, paid off balance in '09, she's now all MINE. __________________ '21 M2 Comp '19 Golf R
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View Poll Results: Did you loan or pay cash
Loan	48	53.93%
Cash	41	46.07%
Voters: 89. You may not vote on this poll

01-28-2011, 07:13 PM	#7
sabbanick Lieutenant 13 Rep 505 Posts Drives: 08 SBM M coupe Join Date: Sep 2010 Location: NY iTrader: (1)	3.6% finance, 48m term, 10k down
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01-28-2011, 07:28 PM	#8
mousitch Dark Sider 129 Rep 1,779 Posts Drives: 2008 Space Gray Z4MC Join Date: Jan 2010 Location: Missouri iTrader: (11) Garage List 2008 Z4M Coupe [7.50]	2.9% $17000 down 36 months __________________ [URL=http://imageshack.us/photo/my-images/153/071jt.jpg/] 2008 Space Grey M Coupe-Euro headers-RPI Scoop-Gruppe M CAI-Eisenmann Race Cans-RE X-pipe-ECU Remap with O2 and EGT delete-H&R Sport springs-Zeck CDV delete-Stock Gloss black powder coated wheels-LED Tekarbon Angel Eyes Project-Michelin Super Sports-Hardwired Uniden R7-H&R front and rear spacers-Alarm module added-stereo amp recoded to vert spec settings
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01-28-2011, 08:39 PM	#9
gatorfast Major General 4998 Rep 6,863 Posts Drives: 718 Cayman Join Date: Jan 2008 Location: SoFla iTrader: (4)	Loan. Put down about 50% though. Buying an engagement ring and a house in the last year means no flat out purchase for me. I would have financed though even if I did have enough to pay outright. Id rather pay in small increments as I go along than one huge lump sum. Can always pay if off early if I choose.
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01-29-2011, 02:16 AM	#10
Finnegan Dog Listener 703 Rep 7,850 Posts Drives: Z4M/. Z3M, E36/46 M3 Join Date: Oct 2008 Location: Teaching the dog to slalom iTrader: (22)	Loan, could have bought it outright but I wanted to keep cash on hand for emergencies. The car was too good a deal when we found it to pass it up (and I figured finding one later would become harder and harder to do), so the plan was to pay it off in a year rather than pay in a lump sum. Yes, there was some "penalty" to this in terms of interest, but I felt better about paying that and keeping reserves at an adequate level. The car will be paid off in March.
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01-29-2011, 06:16 AM	#11
Z4Murder Major 28 Rep 1,110 Posts Drives: > speed limit Join Date: Apr 2010 Location: Buffalo, NY iTrader: (1)	4% for 48 months, put about 8k down __________________ 2007 TiAg ///MCoupe * Dinan strut bars * ZHP knob * RPI scoop * Ultimate Pedals * RE Diablo * 3.91 TMS gears * Apex PS7 * Eventuri intake* Nitto NT05 * TMS pullies * Zeck CDV * RE tranny mounts * Tekarbon * Mstache 2 * '14 Jeep Grand Cherokee Overland Hemi... No more snow for the M!
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01-29-2011, 07:28 AM	#12
RBull Captain 12 Rep 725 Posts Drives: 2007 M Coupe Join Date: Apr 2010 Location: Nova Scotia iTrader: (0)	Cash only for everything.
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01-29-2011, 08:10 AM	#13
HOG4DNR Second Lieutenant 37 Rep 243 Posts Drives: 2014 M235i Join Date: Oct 2008 Location: Pompano Beach, FL iTrader: (5)	Mostly cash, financed 10k at 3.?? for 4 years, will be paid off long before then. __________________ 2008 Z4MC #1786/1815 "The Last IB w/ Extended Leather Made" Gone but Not Forgotten 2014 M235i E.Blue Mods in Progress
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01-29-2011, 10:10 AM	#14
03BeastCharmer Lieutenant Colonel 257 Rep 1,660 Posts Drives: '13 M3 Join Date: Oct 2007 Location: Houston iTrader: (3)	There is a skew to this poll as some are the original owners, so the cost was $45K+ vs 2nd owners where the cost is less than $30K __________________ Current: '13 E92 M3 Euro Delivery Gone: E86 M Coupe; E30 M3, E39 M5, E36 M3
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01-29-2011, 11:25 AM	#16
FerRrari First Lieutenant 19 Rep 389 Posts Drives: Catrinel Menghia Join Date: Sep 2010 Location: WA iTrader: (1)	I had a 0 down mortgage, I then refinanced my home, took the money, put down 3 down payments on expensive property, rented them out and took out a refinancing loan on two of those, the third one I sold as a time share. I then used the money to create a new social networking startup, got some angels and VCs to invest, we IPO'd and I short saled everything. __________________ '12 Nero/Rosso 500 Abarth '07 IR/SBL ///M Roadster (GONE), '08 Tornado Red Triumph Daytona (GONE), '09 BRG/Cloth 6MT MINI Cooper S (Spontaneously Combusted), '06 IR/IR ///M3 Convertible 6MT (GONE), '04 JB/CR Z4 2.5i SMG (GONE)
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01-29-2011, 05:41 PM	#18
StigJ Lieutenant 333 Rep 509 Posts Drives: '06 Z4 Coupe & '14 F30 Join Date: Jun 2010 Location: Norway iTrader: (0)	Loan. Had to have a little extra to pay for the Z. Got about 50.000$ from the bank in may 2010. Payed it back in september The total cost for my Z4 was 87.000$. So I now own both the E46 and the E86 __________________ My Hellrot '06 BMW Z4 3.0si Coupe and My Mineral Grey '14 F30 (sold) New daily: Sunset Orange 330E G20 Instagram: @StigJ77 & @bmwe86driver
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01-30-2011, 05:35 PM	#19
The__J__Factor Major 88 Rep 1,090 Posts Drives: ///M Coupe Join Date: Sep 2008 Location: Gold Coast, Australia iTrader: (0)	Its amazing that you guys can get 1-4% finance. __________________ 135i N54 manual MR-S with a 2zz swap and mods Sold EVO X MR - Phantom Black - Ti Exhaust - Ti UICP - AQM Intake - Sold Z4 M Coupe - H&R - RE Diablo - RPi - Tekarbon - Sold
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01-31-2011, 11:23 AM	#20
bdejong11129 Private First Class 7 Rep 114 Posts Drives: 87 E30 Join Date: Aug 2010 Location: Raleigh iTrader: (0)	The 3%-4% range is available especially if you have a sizable downpayment, its the 1% that is shocking to me. I may have to look for that one the next time. I couldnt find anything better than 4% when I bought mine so I just paid cash for it.
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01-31-2011, 05:05 PM	#21
The__J__Factor Major 88 Rep 1,090 Posts Drives: ///M Coupe Join Date: Sep 2008 Location: Gold Coast, Australia iTrader: (0)	Most car loans here are about 10-15% __________________ 135i N54 manual MR-S with a 2zz swap and mods Sold EVO X MR - Phantom Black - Ti Exhaust - Ti UICP - AQM Intake - Sold Z4 M Coupe - H&R - RE Diablo - RPi - Tekarbon - Sold
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