Thread: Financing a Car
View Single Post
Old 02-03-2013, 08:56 PM   #41
tiger_handheld
MiX iT Up!
 
tiger_handheld's Avatar
 
Join Date: May 2006
Location: vancouver
Posts: 8,153
Thanked 2,076 Times in 871 Posts
Failed 642 Times in 183 Posts
you are in a similar position I was in except I bought my own first car. I knew I wanted a new car after post secondary so I saved up and along the way applied for a line of credit at my bank. The day came I had 8k saved up. Car cost me 15k. I financed 6k @ 4% through the line of credit. Made monthly payments of $400 + whatever interest was and paid it off in 1.5yrs.
__________________

Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.


Make the effort and take the risk..

"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt
tiger_handheld is offline   Reply With Quote