Purchased.

 

For those that purchased... Did you pay cash or finance some of it?

 

Hi, I purchased and put a bit down to get to the payments that I desired for my budget. I searched all over and found an excellent rate. Lower the rate, the cheaper the "rental costs for the money = interest". Knew over time I would pay a bit in interest above purchase price, but will chunk down over time and get rid of the loan much earlier.

Let us know how we can zero in on what you are seeking to do. The simple rule is:

Time - higher interest costs over and above
Rate - Reduces the interest costs, but you still pay in $ over time. SHOP THIS with credit union promotions etc., not dealers as the credit unions offer nice promotions and if the factory kicks in a promo., fine, but usually I have been lucky with Credit Untions

Down Payments - Use this to manage the above and a budget. Note, a dollar today is worth more than a dollar tomorrow. If you could keep your cash, do so, as long as the rate/term equation is manageable.

Finally - INFLATION IS AROUND THE BEND, so the costs of borrowing will go up in the next "estimated" 2 years +/-. My economic forecast in the US, not sure, but the global rippling effect accompanies this in my opinion.

Hope this helps, and wanted to zero in on your question.
Good Luck,

 

I bought mine. I plan on keeping mine long term and hence depreciation did not mean anything to me.
I could have bought it for cash but decided to finance 75% of the value. Got a low fixed rate from the bank. My investment guys make more than the interest on the loan. Much better to invest the money due to low interest rates.

 

In the previous world of higher interest rates, I usually paid cash for cars and have never leased anything. However, given today's "free money" finance market, I put 30% down, and financed the rest at 0.9% for 36 months. As Slojotaa accurately points out above, I can make a far greater return on that money by keeping it invested.

I bought a '12 Jeep Wrangler at 0% interest for 36 months with the minimum down payment the dealer would accept. You'd have to be nuts to pay cash if you can get totally free money.

 

I bought mine to replace a Triumph TR6 I had for 311/2 years. Will be chuffed if the F-Type and I make it that long together. Paid cash. Hope the wife and I make it that long too!

I considered leasing due to concerns about long-term quality on the car, but JLR has a 5-year warranty so I figured I could always trade it in to the dealer at the end of the warranty for a new car. No idea how many miles I will drive it, hopefully lots!

After 2 1/2 months I'm thinking this is a keeper.


I already lease 1 primary car for business, like the deduction, I can use it.

 

I agree with this 100%.

Whether you lease or finance the actual cost of the money is so cheap it almost doesn't matter if you finance or lease. I doubt I will keep the car beyond 3 years, but if I do, I can always buy the car at the end of the lease and the overall costs of the car is roughly the same as if I would have bought/financed it originally - the only difference is that my payments are $600 less per month initially.

I've never worried about the mileage restrictions. In the NE the car sits almost 3-4 months a year so that helps; I think I have averaged 7k-8k miles a year for the past 6 years, so I ended up with a 7500mile/year lease this time.

 

You've run a TR6 for over 3 decades, but you're worried about long term quality on the F-type?

Like the TR, those aren't quality issues, they are "character"...

How much of the TR is original and unmodified as a matter if interest? I'm guessing most of the smoke has escaped from the original electrics.

 

Cash. I tend to hang on to my cars for a while.

 

The F-Type is a totally different ownership experience, for sure. I was 23, bought the best sports car I could afford - a 10 year old Triumph TR6. My first car was a 15 year old Jaguar Mk.10 I had in England. Both needed a lot of work. 31 years later the Triumph was a "classic" and not much of a sports car, despite upgrades. I wanted my sports car, not a classic that I had to spend 1-weekend a month under it with a spanner in my hand. I do miss the wrenching, but I sure am enjoying the driving!

To answer the questions:
Not much was original, the core tub and most of the chassis, everything else replaced or rebuilt multiple times.
I used a lot of Lucas replacement harness smoke as I burned my way through 2 wiring harnesses during the time I owned the car. Carrying a fire extinguisher was required.
Fun character for sure, and you could totally flog the car within the speed limit. In my F-Type I have to shift manually in Dynamic to have that fun, I find the F-Type very eager to get up into 8th gear and loaf along while in D, but then it returns better mileage than the 2,600 lb Triumph with only 150 HP.

We complain here about our computerized power and our Meridian sound systems. Sometimes I go back to the Triumph forums at Welcome to the TR6/250 Car Club of America to see what we're all NOT missing.

 

The post above really does put things in a proper perspective for those of us old enough to remember. Nicely said . . .

 

Purchased nine cash. Told myself I wouldn't buy a new vehicle again but I couldn't resist the F type. I wanted the R RWD.

It is a PITA selling the previous vehicle. Still trying to sell my old toy.

 

And what is the toy you are trying to move?

 

My 2008 Porsche Boxster S. Great car! I had upgraded it with a turbo, sway bars and new stereo system etc. etc. completely different car than the F type. Love them both for different reasons.

 

Boxsters are great handling cars. I prefer them to the 911 for a lot of reasons. I bet the turbo made it a rocket!

I very nearly bought a Cayman S a couple of years ago, but my wife vetoed it on sound quality. She really wanted a growly V8, which led me through a string of candidates to the V8 Vantage which led to the F-type based mainly on horsepower and to a lesser degree, features/content. Happy wife/Happy life.

 

I think I mentioned before my first car was '59 TR3A in high school. Couldn't hear KHJ AM past 2nd gear, that's if second gear was still there that night! Kid after me got a lot of new parts for him to replace in a few months. Wouldn't trade that time for any thing. TR6 was a dream car by comparison, some parts lasted a year! Of course that car cost me $500! Sold for $900 and only lost $300 over 2.5 years!

 

To return to the post:
My wife says "one car mistress at a time." When I told her I wanted to upgrade from a TR6 to an F-Type after 31 years she asked if she was going to be "upgraded" too. I said "of course not, you can't sell a used wife on eBay like you can sell a used TR6"
She made me pay cash for the F-Type.
I'm working on their relationship, I want wife to get along with car. Yesterday a garbage can was bashed in a bit, I need to work on this...
She did have tears in her eyes when the TR6 left with the new owner

 

Yes the boxster is light and quick. About 450 hp.

I was considering maybe a 911 or the Jag. My wife likes the Jag better. I couldn't argue with her when she said buy the Jag.

 

It's a generally widely-held principle to never argue with your wife! It's also obvious she has excellent taste.

 

Salesman was very clever: when the wife and I went to the dealer to see the F-Type they had a coupe and a convertible parked side-by-side. The Salesman walked around back and opened the convertible's boot. "Look Ms" he says, "not much room in here." Wife starts lecturing me on the impracticality of the boot if we want a weekend-get away - while the Salesman casually opens the boot of the Coupe, "look here" he says. Wife looks at the big space in the coupe and says "YOU HAVE TO BUY THE COUPE."
So I did. She told me to.
Then I filled the space with the spare tire ;-)