Did you lease, finance, or buyout?

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King OS

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I absolutely love it. I launch it all the time and love the feeling of adrenaline when the car goes sideways. As of now I'm waiting for a bit when the aftermarket makes a nice sounding titanium exhaust/downpipe.
theres actually quite a few out now, I know AFE has one that sounds really good!
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Did you guys get your Supra at MSRP? I paid cash for the Supra and a 2020 Tacoma Sport at the same time. I paid MSRP for Supra and $3500 under MSRP for the Tacoma as a package. I'm curious what people have to pay for just the Supra purchase. By the way, the cash purchase saved me close to $17,000 in interest over a 5 year term.
 

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Did you guys get your Supra at MSRP? I paid cash for the Supra and a 2020 Tacoma Sport at the same time. I paid MSRP for Supra and $3500 under MSRP for the Tacoma as a package. I'm curious what people have to pay for just the Supra purchase. By the way, the cash purchase saved me close to $17,000 in interest over a 5 year term.
lordy!
 

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Oh ya...I also had to do some chasing around to find one in Tungsten but when I found it, I spent about 5 minutes in negotiation (with my hand on my credit card), struck a deal and was treated like gold thru delivery 4 days later. Larry H Miller Toyota...thanks Angela, Brian, Alan, Josh, Scott, Cody and all the other folks that left my wife in tears with the surprise.
 

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Financed because I’m poor.
 
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Did you guys get your Supra at MSRP? I paid cash for the Supra and a 2020 Tacoma Sport at the same time. I paid MSRP for Supra and $3500 under MSRP for the Tacoma as a package. I'm curious what people have to pay for just the Supra purchase. By the way, the cash purchase saved me close to $17,000 in interest over a 5 year term.
god damn, congrats! I bought mine at $56,140. Due to me living in NYC, i have a 8.875% tax rate, so it was roughly 61ish out the door paid in cash.
 

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Oh ya...I also had to do some chasing around to find one in Tungsten but when I found it, I spent about 5 minutes in negotiation (with my hand on my credit card), struck a deal and was treated like gold thru delivery 4 days later. Larry H Miller Toyota...thanks Angela, Brian, Alan, Josh, Scott, Cody and all the other folks that left my wife in tears with the surprise.
Did your wife get the Supra or the Tacoma?
 

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That does not differentiate the difference between a finance and buyout. Both options, you bought the car and you can do whatever the hell you want to do with the car. Without banks and credit, this country (USA) would be like a 3rd world country.

One thing I'm not sure is if one were to buy an entire car using a credit card (I don't think car companies allow this). I don't think the car can be a repo as easily because you would technically own the car outright and get the title to the car.
Kind of late to the conversation. But financing isn't the same as paying out in cash. In short, those loan documents you sign, you're giving the lender true ownership (the title). In exchange, they allow you to use the car to your liking as long as you follow the terms of the note (as long as you make the payments).

Whoever owns the title, owns the car. Simple.

Also, I believe dealerships (In the US) have a limit to how much you can use on a credit card.
 

ToyoBMW

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Kind of late to the conversation. But financing isn't the same as paying out in cash. In short, those loan documents you sign, you're giving the lender true ownership (the title). In exchange, they allow you to use the car to your liking as long as you follow the terms of the note (as long as you make the payments).

Whoever owns the title, owns the car. Simple.
Well the way a loan works, you borrow the money to BUY what you want. Same as a house, you BUY a house with a loan and you get to do whatever the heck you want to it because you have a loan to BUY it.

The banks hold the title until you pay off the loan (usually with interest). But you ultimate BOUGHT the car with a loan/finance. Even if you wanted a personalized license plate, you can order it because you BOUGHT the car. As oppose to a lease, if you want to get a personal license plate, you would need permission from the bank because you're only leasing the car for a certain duration and not buying it.
 

Jabba

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Well the way a loan works, you borrow the money to BUY what you want. Same as a house, you BUY a house with a loan and you get to do whatever the heck you want to it because you have a loan to BUY it.

The banks hold the title until you pay off the loan (usually with interest). But you ultimate BOUGHT the car with a loan/finance. Even if you wanted a personalized license plate, you can order it because you BOUGHT the car. As oppose to a lease, if you want to get a personal license plate, you would need permission from the bank because you're only leasing the car for a certain duration and not buying it.
I understand what you're saying. You're disconnecting ownership from purchase and saying ultimately the item was purchased. Sure if you want to look at that way, you can say that.

All I'm saying is there's a reason why financing and paying in cash aren't normally regarded in the same caliber of payment. Why pay interest over time when you can afford everything at once? But for the sake of this conversation, sure :)
 

ToyoBMW

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Why pay interest over time when you can afford everything at once? :)
Some people want to invest their money and let it grow, while others buy a car and watch it depreciate. So taking out a loan is not always a bad idea.
 

Jabba

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Some people want to invest their money and let it grow, while others buy a car and watch it depreciate. So taking out a loan is not always a bad idea.
Yeah I completely get that. Finances in general is relative. So there's no right or wrong, whatever works for that person. I think depreciation matters most if you care about future value. Others look at it as the enjoyment cost of time lol.
 
 




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