Quick poll - did you pay cash or financed your Mav?

[TheGoodEgg]

Another follow up question: if you financed, what is the rate?

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[bgn]

10k down, 29k financed (39k out the door). 0%. Lucked out that I bought in Dec 2021.

 

[Traegorn]

Financed, but we saved the money we would have otherwise used for payments for it while we waited for the build... so we ended up putting down like an $8000 down payment.

 

[WildGrok]

no truck yet, will pay cash

 

[RR - All the way]

Financed with Ford for 36 months at zero percent. Couldn't turn down using their money.

 

[Bobinmi]

0 percent finance for 36 months...why would I have paid cash, right? put 5k down.

 

[surfstar]

If you can finance for a lower rate than your money can earn in safe investments (money market, bonds, etc) - finance the whole thing. Keep your money, earning money.

If you have to finance it all b/c you don't know how to budget and spend all your money each month no matter what, but "can afford the payment" --> you do you. Someone has to spend irresponsibly to make my stocks go up - thanks for conspicuous consumption!

 

[Phillipjon]

14K down 0% for 36

 

[Speed2000]

I did 48 months with the .09% Ford offered originally. With inflation I figure my true rate is negative fifteen percent

 

[Geno52]

Another follow up question: if you financed, what is the rate?

0% for 36 months

 

[billbillw]

I financed about half the price of mine. 48 months @ 4.75% from my credit union

 

[commadorebob]

No special interest rates when I bought. Technically, my trade was roughly 12% down. Took a longer loan simply to give us the flexibility to reduce the payment when/if times get tight. Otherwise, I plan to pay it off in four years.

 

[Deral]

Paid cash. Used the wife's IRA and the rest out of savings (about 8 grand).

 

[mdsalemi]

Red Carpet lease through FMCC. Not an option in your poll.

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