I pay less for the car than I do in insurance and my insurance is $122 for the car and the house. I put a big down payment BTW

 

i just got my RX8 2 wks ago from Stamford Mazda. (I live in NY tho...)
I had SPlan.
Paid $415/ month for 60 months
Insurance $888/6 month (i am 24 years, with couple speeding tickets but no accident) insurance thru geico.

 

Sticker was 34,000

Loan is 504.00 x 84 months at an interest rate 5.95% 7k down. Insurance is 497 for 6 months. Full coverage including glass.

Double payments each month helps alot, thats why the long loan terms.

 

man, some of you guys are paying through the nose for your RX8s! like $500 a month for SEVEN YEARS? that amounts to like $42k. and then insurance is another $500 a month? all i can say is WOW.

 

That he is paying $500 per month, for 6 months, and that covers 7 years - which is a GREAT deal!

 

Mugatu,
How much you paying for your Shinka?

I'm paying $588/month for 72 months. No down payment. No trade in. Insurance (full-coverage) is $173/month for two cars here in SoCal.

 

I pay a $420/month lease for 48 months, with zero down. that was for a sticker of $31,100. i pay $100/month for insurance.

you people paying more than that AFTER putting down a sizeable down payment, AND paying that for more than 4-5 years are INSANE.

 

you're paying more than $42,000 for your car before insurance! That's crazy, man.

 

10000 down, 312 a month for 5 years. 3.9 %

I'll be just paying the car off completely later this year and I'm only 21

I also pay 113$ insurance full coverage a month.

 

That's $20K for a car you can't keep or sell at the end of four years. I know $42K is a lot, but that's what I have to deal with.. because I didn't trade-in or down pay. I get to keep the car though.

 

yeah but after 4 years i get to get another car with a warranty. i didn't really feel comfortable owning the first year RX8, so I chose to lease and give it back right when the warranty is up.

believe me, i am all for owning a car versus buying it, but $42k seems like a hell of a lot to be paying for a Mazda RX8. A LOT.

what % rate did you get?

 

zero. none. it was paid off the day i drove it off the dealer lot.

the only thing i pay for now is gas and insurance.

 

Monthly payment is $473, insurance is $2192/yr (went up from $2011 when I got the 8)

 

485 x 60 + 118 insurance

 

Another example of why leasing is not always bad:
One option would have been to lease for 48 months ($400/month, $19,200 total), and take the extra $188/month and save it ($9024). Use it to put toward the $14,000 residual at the end of the lease. Balance owed would then be around $5000. You could either pay this off, re-lease, or take out a loan. A loan, even at 10% (since it's aused car) for the $5000 balance, would be $440/month for a year.

The total cost for the car would be $33,500 (the numbers I used were those for my lease, 4 years, GT with options, and nothing down). Even if I am off by $2000 in this case, the total is still at least $6000 less, and the car is paid off in five years instead of six.

 

I wanted it, so I signed for 5% interest, 0 down, no trade-in. Soon, I'll put at least $8,000 down when I refinance. That should drop the interest rate down as well the total months to pay. In the end it should drop my interest paid overall by $7K.

 

5.2%, My 8 was $500.00 above invoice.

 

Nothing. The Shinka is paid off from day one (insurance money after totaling my 911 - even kept some K's on the bank). The insurance after the solo accident adjustment (totaled a 98k car) is $389 for 8 months including 3 cars and the house.

 

any pics of the totalled 911? if it does not hurt too bad to look at them.

 

not a bad way to look at it at all.

 

$419 x 48 month lease (might be 42 can't remember off hand).. MT Touring package
Insurance is through progressive at: $647 / 6mo .

I took the lease option most because I was not sure if I wanted this car after 4 years (track record on engine issues wasn't that great at the time... still not perfect hehe)

Also the fact that I hadn't a car payment in about 8 years (my old 93 Eagle was 12 years old :P) I couldn't afford much on my budget.

 

$457/month for 36 Month Lease w/$1600 Down. Insurance @$57/month ^_^ This with an RX-8 GT, full front clear bra, door edge guard, tint, 6-CD system, rotary accents, polished exhaust for $33,000. Had a trade-in @$2200. I plan to do a loan after this to pay off the residual value..maybe another 3 yrs. loan or 4..depends..I'll use the money on something else..like stocks, instead of throwing all of the $$ to lower the payment. Unless the car gives me problem within the 3 yrs..I'll keep her

 

$485/month Financed but that includes GAP Insurance and an extended warrenty.

 

sticker 35,700
paid 25,500

330 a month x 60
175 a month insurance.

i wanna pay less for insurance!

 

my car is $485/mo. for 72mo. @ 9.09%
insurance comes out to $295/mo
Couple of tickets, no accidents, i'm 21. Live in Southern California. No co-signer, all me .

I'm going to refinance my car through my credit union at the beginning of the year after i've got some other stuff paid off.