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auto financing?

Discussion in 'Ferrari Discussion (not model specific)' started by NYJETSFAN, Mar 27, 2004.

  1. NYJETSFAN

    NYJETSFAN Formula 3

    May 11, 2001
    1,093
    Kalifornia
    Full Name:
    Jr
    Anyone have any info on auto financing, have been planning on buying another f-car and didn`t want to pay cash this time, so I have been looking around, but not sure where to start,
    I`m buying used.
    any recommendation would be great, thanks......
    Arie.
     
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  3. AJS328

    AJS328 F1 Veteran
    Owner

    Apr 23, 2003
    7,520
    New Jersey
    Full Name:
    Augustine Staino
  4. tigermilk

    tigermilk Formula Junior

    Jul 12, 2001
    321
    Houston, TX
    Full Name:
    James P. Smith
    I've got them on a loan or two. No problems with them at all. They don't care what the car is, how old it is, etc. As long as it's under $75k they'll finance at very competitive rates (much better than my bank).
     
  5. Stackhouse

    Stackhouse F1 Rookie
    Consultant

    Feb 14, 2004
    4,621
    IN YOUR TRUNK
    Full Name:
    CT.. AKA Pimp Daddy
    2nd Mortgage. Great rates, low payment and tax deductable.

    Out
     
  6. sparetireless

    sparetireless Formula 3
    Silver Subscribed

    Nov 2, 2003
    1,398
    Try Mitch at Premier Lease in Connecticut. The lease is set up so you can bail at any point and you know exactly what you owe. decent rates as well.
     
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  8. KKSBA

    KKSBA F1 World Champ
    Rossa Subscribed

    Oct 31, 2003
    13,817
    SBarbara-La Jolla CA
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    KKSBA
    The rule for it to be tax deductibe is all the (max $100K) money must be used to improve the house. Now, one could argue that parking a F-car in the garage is a home improvement. You may get a laugh out of the IRS agent but not a deduction.
     
  9. yasir

    yasir Formula Junior

    Nov 5, 2003
    339
    I just purchased a 1991 911 Turbo and got the Financing thru Peoplefirst.The whole process was very quick,you just submit an application on line and they'll notify you the following day.I got 4.5% APR for 4 years for my car.
    Later, Yasir
     
  10. ernie

    ernie Two Time F1 World Champ
    Lifetime Rossa Owner

    Nov 19, 2001
    22,030
    The Brickyard
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    The Bad Guy
    Arie

    Here is what you do. Refinance the whole thing and take some extra out to get the car. Especially since the interest rates are at an all time low again. This way you get the car, and you can deduct the interest from your taxes. You may even end up paying less than you currently do. I just had a neighbor of mine do this. They paid off both their cars, took a little out for some home improvements, and their mortgage payment is still lower than what it was.
     
  11. NYJETSFAN

    NYJETSFAN Formula 3

    May 11, 2001
    1,093
    Kalifornia
    Full Name:
    Jr
    thanks everyone for the info!

    now just gotta find a car! hmmmmmmmm
     
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