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Financing

YammiMoose

Expert
Joined
Mar 18, 2004
Messages
437
Location
In a place where it SNOWS every day
I snow checked my GT and found out yesterday from my dealer that I might not get it until December. :o| :o|
In April I elected to get the 6 months interest free financing. I seem to recall a date of March to pay it off. Does this date change because it didn't get it in September as originally promised? Or am I mistaken about the 6 months and have to pay it off by March?
Thanks,

-j
 

Pay off as much as you can until March...switch the balance to a 0% credit card...i did it with my warrior and i am going to do it with my attack
 
When I picked up my spring order sled a couple weeks ago I had the dealer put me under the new fall financing program. Its $89/mo at 2.9% for a year. I was prepared to pay it off by March, but by delaying the big interest rate (18.99%) for another 7 months (9 in your case), I have a better safety cushion should something go wrong over the next couple months. IMO, make your money work for you - If I can buy something at 3% and keep money invested at 7%, I'm happy.
 
flyingpig said:
Yes and make sure you pay it off before Mar 1st or you will be paying their high interest rate!

I only owe the difference from my trade in to the new price of the GT. It's not that much so I just want to pay it off. I don't want to keep paying on something where the value drops so quickly. I took the hit last year on the RX1 because they didn't want to give me squat for my 02 Viper.

-J
 
Spyderman said:
When I picked up my spring order sled a couple weeks ago I had the dealer put me under the new fall financing program. Its $89/mo at 2.9% for a year. I was prepared to pay it off by March, but by delaying the big interest rate (18.99%) for another 7 months (9 in your case), I have a better safety cushion should something go wrong over the next couple months. IMO, make your money work for you - If I can buy something at 3% and keep money invested at 7%, I'm happy.

If I could find someplace that paid a steady 7% Id be happy.
 
TT670 said:
Spyderman said:
IMO, make your money work for you - If I can buy something at 3% and keep money invested at 7%, I'm happy.

If I could find someplace that paid a steady 7% Id be happy.


The market changes a lot but it can be done if you keep your money there long term. Do you work with a financial advisor?
 
No I don't work for a financial advisor - just try and keep my eyes open. With interest rates so low, I moved into the bond market for "fun" money. Fixed semiannual payouts. Keeps me in a budget, and I know the money will always be there ;)! (Of course the only drawback is as interest rates rise you need to keep the bonds to maturity, or else take a loss on the prinicpal)
 
Spyderman, I was asking TT670 if he had a financial advisor working for him. Sounds like you got your money working for you, now TT670 just needs his money to work for him.
 


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