Looking at buying a Tahoe | Page 5 | TigerDroppings.com

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dillpickleLSU
LSU Fan
Philadelphia, PA
Member since Oct 2005
23459 posts

re: Looking at buying a Tahoe


Far from loaded out. See GaryMyMan's post above





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Sigma
Michigan State Fan
Fairhope, AL
Member since Dec 2005
2190 posts

re: Looking at buying a Tahoe


I've been wanting to ask this for a couple of days but can't quite figure out the most gentle route without offending anyone.

I'm just curious.

Apparently there are a load of folks on this board who can unload $50-60,000 on a vehicle like this. At $60K and 2.5%, this is a monthly note of over $1000. Are you guys paying cash, trading in an financing, or financing the whole thing?

If you are so inclined, how are you paying for this vehicle?






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PurpleAndGold86
LSU Fan
Houston, TX
Member since Jun 2012
10781 posts

re: Looking at buying a Tahoe


quote:

At $60K and 2.5%, this is a monthly note of over $1000. Are you guys paying cash, trading in an financing, or financing the whole thing?


I would assume that most people would put some money down. I would also assume that most that have that kind of money could get a better interest rate than 2.5%. I am looking to buy a Tahoe later in the year. Probably in December to snag something they don't want on the lot in January. I will put some money down and get a better interest rate than 2.5%.






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Sigma
Michigan State Fan
Fairhope, AL
Member since Dec 2005
2190 posts

re: Looking at buying a Tahoe


quote:

I would assume that most people would put some money down. I would also assume that most that have that kind of money could get a better interest rate than 2.5%. I am looking to buy a Tahoe later in the year. Probably in December to snag something they don't want on the lot in January. I will put some money down and get a better interest rate than 2.5%.


0% is still $1000 a month on $60K. Putting $10K down with a 1.5% rate is still pushing $900.

Reason I ask, is we have a pretty good income, and owe nothing on cars. If I had to spend something like the above, we'd be doing without a big chunk of other important saving.

Anyway, maybe this is a better question for the Money board. Thanks for answering.






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theBeard
LSU Fan
Golf Tech Board
Member since Jul 2011
6243 posts

re: Looking at buying a Tahoe


Cash, nice trade, and low rate. Sad part is how much a nice reliable full size suv costs





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PurpleAndGold86
LSU Fan
Houston, TX
Member since Jun 2012
10781 posts

re: Looking at buying a Tahoe


quote:

0% is still $1000 a month on $60K. Putting $10K down with a 1.5% rate is still pushing $900.


Well...I am looking to spend somewhere in the neighborhood of $50,000. I want that number to include tax. I am certainly willing to buy a 2014 model car at the end of 2014. I think that I can find 0% financing or something very close to it. I will also put down around $10,000.

If I purchase a car for $46,000 with an 8.25% sales tax rate at 0% for 6 months and put down $10,000 my note is going to be around $650. I can afford that.

I'm not thinking many people can't do $1,000.



This post was edited on 6/17 at 3:50 pm


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dillpickleLSU
LSU Fan
Philadelphia, PA
Member since Oct 2005
23459 posts

re: Looking at buying a Tahoe


Buy used with money down. I would never buy a new one.





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bbvdd
Alabama Fan
Memphis, TN
Member since Jun 2009
9031 posts

re: Looking at buying a Tahoe


quote:

i bought it with every option but leather


I'll bet any amount of money it doesn't have heated and cooled seats.

Cooled seats will change your life.

As to how people can afford it. I am very fortunate to have a great job and great customers and make a very good living for my family. My note is around $700 on a 2012 Platinum Sequoia, bought new. Put a pretty decent chunk of change down and traded in my old truck.






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BIGDAB
Grambling Fan
Go for the Jugular
Member since Jun 2011
6898 posts

re: Looking at buying a Tahoe


Like someone else said, there aren't that many cheap options for a full size SUV out there





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dafuqusay
LSU Fan
Houston
Member since Mar 2014
421 posts

re: Looking at buying a Tahoe


note was $750/month





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Croacka
UNLV Fan
Denham Springs
Member since Dec 2008
52493 posts
 Online 

re: Looking at buying a Tahoe


If you get a loan at 1-2%, it doesn't benefit you to put that 10K down IMO

Keep it invested somewhere and have it as backup if you end up needing it






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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
72560 posts
 Online 

re: Looking at buying a Tahoe


I'm assuming most people buying a new vehicle are trading in an old one


I don't put money down on vehicle when interest rate is 2% or less






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KG6
LSU Fan
Member since Aug 2009
2769 posts

re: Looking at buying a Tahoe


I'm never financing more than 30k. If I can't put money down or get a significant trade in to get the financing under that, then I can't afford the car. I really don't even feel comfortable with the 30k, but if I need a vehicle, I'll spend that much to get a new one under warranty.





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dewster
Maryland Fan
Member since Aug 2006
9244 posts

re: Looking at buying a Tahoe


I'm sure the 2015 model is a great vehicle, but I can't stand the way they look.





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PurpleAndGold86
LSU Fan
Houston, TX
Member since Jun 2012
10781 posts

re: Looking at buying a Tahoe


quote:

If you get a loan at 1-2%, it doesn't benefit you to put that 10K down IMO Keep it invested somewhere and have it as backup if you end up needing it


I agree. It would only be to lower the payment slightly per month.

The money that I would use as a down payment is only earning like .90% APR or something like that anyway.



This post was edited on 6/17 at 9:05 pm


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