Did you buy your last car with cash or on a finance plan?

[Bradley Prior]

Did you buy your last car with cash or on a finance plan?

 

[chrisc]

Always pay cash
There are many opportunities to get good deals

In 2018 this Honda CRV was the last of the 2017 stock, was for sale during the end of year period. Consequently, 27.5% was taken off the price. Instead of R605 000, it was R438000. Full warranty and motorplan

 

[saturnz]

all my cars I've owned were purchased cash

 

[repitah]

Cash for the last 3 cars. No financing since mid 2010's. I would rather swallow the costs/risks of no warranty and service plans, and the older cars (2005-2012) are generally less complicated (and modular), but still relatively safe and not much heavier on fuel.

 

[Smiggles]

Wasn't that Opel Monza 160i GSI COTY purchased with gold bars due to the significant historical significance?

 

[Herr der Verboten]

Did you buy your last car with cash or on a finance plan?

Neither. Download a car. Handbag included.

 

[OnlyOneKenobi]

Neither. Download a car. Handbag included.

I was literally about to say that... except the handbag

 

[saor]

I was literally about to say that... except the handbag

Stop being coy princess.

 

[Brian_G]

Cash, second hand.

 

[HAL 9000]

My previous 2 'pre-owned' cars were both purchased with 5-year finance plans - I traded in my last car at the end of December as a part-payment on my current 'pre-owned' car & paid in the balance in cash for it.

 

[OnlyOneKenobi]

Stop being coy princess.

It's just... the handbag didn't go with my shoes...

 

[Athos]

Who tf can afford to buy cars cash these days. Kudos to ya'll having 200 - 500k in cash lying around. I finance my cars unfortunately.

 

[Ninja'd]

Cash, second hand.

Personally, no car is worth it using either hand as payment. Also would make changing gears cumbersome.

 

[Lupus]

Technically financial plan, but paid off in 3 weeks. Only reason is that cash actually ends up costing more to buy new cars, as financed cars get "discounts".
So I put down a massive deposit, got a finance plan for 2 years, after the first deduction, settled the car. Ended up paying R1000 more than the price.

 

[Ninja'd]

Should also add the dumbass option in the poll besides other.

I.e. Finance with balloon payments

 

[Sinbad]

Leased through employer as a salary sacrifice. Happy for the taxman to pay 60% of the monthly payment.

 

[DHimself]

All my cars have been financed, but I've always managed to pay them off sooner than the contract term. Never, ever, take a balloon, or look at these guaranteed future value deals. These are no good.

Also, I've never owned a brand new car. Always had the first owner take that depreciation knock.

 

[repitah]

All my cars have been financed, but I've always managed to pay them off sooner than the contract term. Never, ever, take a balloon, or look at these guaranteed future value deals. These are no good.

Also, I've never owned a brand new car. Always had the first owner take that depreciation knock.

^ Best option ^ when doing h-p.
Pre pay and if you get hit with a big bill (like a turbo) then you have the repayments prepaid and can ask for a payment holiday to recovery.

 

[SHL]

Always pay cash
There are many opportunities to get good deals

In 2018 this Honda CRV was the last of the 2017 stock, was for sale during the end of year period. Consequently, 27.5% was taken off the price. Instead of R605 000, it was R438000. Full warranty and motorplan

Interesting. In 2018, I paid 380K cash for a brand new 5th Gen CR-V 2.0

 

[Marius De-Kock]

I paid cash for my Land Cruiser 80.