Down Payment

[mgmsleeper]

how much would some of you put down on a MM if you were buying one at this present time??

[ImpalaSlayer]

how much would some of you put down on a MM if you were buying one at this present time??

knowing what i know now, as much as i could.

[sd8683]

Well I guess that depends on how much you want your monthly payments to be.

[breeze]

i put 7500 on 13200. i wanted to knock the note out fast

[bawazir]

Just buy it and dont worry about payment

[guspech750]

i put 7500 on 13200. i wanted to knock the note out fast
Same here. I put down $7,000 this past March and I have been doubling the payments to pay it off I think by the end of this year or early next year.

[martyo]

All of it.

[Glockafella]

I put down 20% on everything I buy

I would put down more, but I like to have $ left over for taxes and licensing

[mgmsleeper]

Just buy it and dont worry about payment

i would buy out right if i could but i dont have 10k+

[mgmsleeper]

well the MM i went a looked at had 100k on the clock exterior wasnt the in show off condition but could be brought bak to deal with for a few months with a wash nice wax and polish and an interior clean to bring to likes. sale price of car is 11k and they want 4k down. i thought it was a bit much. or is that good?

[mgmsleeper]

All of it.

not everyone is balling like you. i wish i could buy one and have ZERO payments

[guspech750]

well the MM i went a looked at had 100k on the clock exterior wasnt the in show off condition but could be brought bak to deal with for a few months with a wash nice wax and polish and an interior clean to bring to likes. sale price of car is 11k and they want 4k down. i thought it was a bit much. or is that good?
I dont know if its too much but if you can swing the payments then go for it. Would you rather have a higher payment due to putting down less? Not me.

[mgmsleeper]

I dont know if its too much but if you can swing the payments then go for it. Would you rather have a higher payment due to putting down less? Not me.

payments were est at 320 per month with 4k down.

[WESTTXPATRIOT]

Well I guess that depends on how much you want your monthly payments to be.



+1 very true if you put a lot down lower payments.....or dont put a lot down have a higher payment then pay into the principal with the money you didnt put down......thats what i did on my other car payment per month isnt too high but paying a lot less interest by paying into the principal

[gdsqdcr]

MGM

It all depends on what you want your paymets to be. Me, I would not have payments of $320 a month on a vehicle with a 100k on it.

I put 5k down on my 04 with 25k miles on it. Out the door, I paid 16k for mine. My payments are ~220 a month. That personally was the high end of what I wanted for payments.

Anthony

[Hotrauder]

There has never been a better time in any of our lives to have ZERO liabilities. Debt is not your friend at this time. Dennis

[justbob]

Sounds to me that they can't get a you a loan for more than seven thou. on that vehicle with that mileage. If thats true then in the banks eyes that is all the car is worth and in case you default on your loan then they feel confident that they can auction it and recoupe their loss.

Let me guess 8% at 24 mos?

Working in construction I can honestly say that I have never on any vehicle put money down. Money in the bank is far more important to me when hours vary week to week. I'm better off doubling or sometimes tripling payments when possible.

[Brian H]

2 yrs. ago I put dn. 1k on 11,xxx and got the longest loan i could (low pymts) and doubled up. tax return will take care of the rest this Feb. p.s. also will be able to customize my ins. better to suit the needs,rather than full rapeage,(i mean coverage). hope this helps

[ridinclean]

What is the lenght of the loan? Also are you financing through the dealer or through your bank/credit union?

[fastblackmerc]

all of it.

+1.............

[LANDY]

well i think 11k dollars for 98k miles, its got to be very clean.
i say take yor time and find the right one.
i made my searching a part time job and i a month i had my eyes on saveral deals, but i was willing to anywhere to get one.

[Glockafella]

well i think 11k dollars for 98k miles, its got to be very clean.
i say take yor time and find the right one.
i made my searching a part time job and i a month i had my eyes on saveral deals, but i was willing to anywhere to get one.



I bought mine for 11K last year with 75K miles...1 owner, clean car, maximum carfax score, only problem with car was pedals failed to work.
Had it nearly a year and I have had Zero problems with it.

Keep looking, when you find THE car, you will know.

[LSp8]

I too was looking for MM with higher mileage and lower cost because my credit was f#$%ked up and I was desperate to get one, lol. I tried dealer after dealer trying to get the same deals but eventually I opt out and went to Carmax and just dealt with a higher payment on a low mileage lease return with only 2,000 down. It's always easier to finance a lower mileage car than a higher mileage one. I almost paid 370 a month on a 03 w/ 78k but it was sold.

[mgmsleeper]

loan term was 31 months

[k_r_a_c_k_e_r]

Paid cash for mine..

Payments suck..

[Stranger in the Black Sedan]

Financing a car with 100k miles is a bad idea by me for any reason but that'st just me

[Ozark Marauder]

I would recommend save your money and pay cash, These days it's best to stay out of debt, but if you must buy, 80% down, finance 20%, no more than twelve months. If you can't afford those terms, you shouldn't buy.

[Embassy]

well the MM i went a looked at had 100k on the clock exterior wasnt the in show off condition but could be brought bak to deal with for a few months with a wash nice wax and polish and an interior clean to bring to likes. sale price of car is 11k and they want 4k down. i thought it was a bit much. or is that good?

It's a buyer's market. Keep looking for a lower mileage Marauder in much better condition.

[BUCKWHEAT]

Consider getting a quote on financing from another source, like a credit union. Your issue may be that the first lender (your seller?) thinks that the MM is only worth $7k for a loan and that's why they are demanding a big down payment. Another thought is to borrow for as long a period as you can at a reasonable rate if you think the inflation is coming. Over the next five years, you may be able to pay down some of the loan with cheap dollars.