Payments are not really an issue, I just want to be sensible.
I cannot afford the car outright, otherwise I would, but I can put more than that down, thats just how much I am getting from selling my STi and can just roll it into a new one.
With a $500 car payment on this car, even with 72 months, I will never be upside down from how well Subaru STi's hold their value.
I was actually approved today for 1.9% for 72 months, and could finance the whole car if I wanted to with that.
My MAIN reason is credit. I am from the UK and have only been here for 2 years. My credit is very limited, only a score of 707. I want to have a car payment so I can both have a nicer car, and also build my score, so when I buy a new house, I can get a really good rate.
Anyways, it looks like I am selling my 2005 STi tomorrow. I will miss my 2005, but I feel the need for something more practical. I do have fun in my STi and I still want that too, which is why I want the hatch. And I pick up the new STi on saturday. Very excited!