Sonic Loan Roll Call
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The Champ
New member
Insurance is only $91 a month full coverage too!
Having sold insurance for many years, I know full well that insurance costs vary widely by area.
But I only pay about $66 per month for full coverage on my Sonic and my Torrent combined...
Stew
Sedans Rule!
Monthly minimum payment: $289, been paying $300+, 2.34% interest
Amount left: $4800
Mileage to date: 75,000
I'm getting there, just not as fast as I originally thought
AshesToArmor
New member
Purchased 5/15
Monthly: $230
Amount left: $9,480 (I put $5,000 down when I bought it and ended up tacking on an extended warranty)
Mileage: 54,075 ... and lots more to come!
Monthly: $230
Amount left: $9,480 (I put $5,000 down when I bought it and ended up tacking on an extended warranty)
Mileage: 54,075 ... and lots more to come!
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I bought my '13 in January '16 for $11k out the door. I put down $4k from selling my last car, loan of $7000. It was $158/month for 48 months, but I got a bunch of overtime in April and May, and it all went to the loan.
Now I have had the loan for 5 months and all I owe is $562!
Now I have had the loan for 5 months and all I owe is $562!
ChicksHateMe
Member
I feel I stole my Sonic. ($15,999.00)
Loan(s)
1st Loan 2/2014 with DCU
Interest rate - 1.99%
65 Months
$286.00 per month
Refinanced 8/2015 With DCU
Interest rate - 1.79%
65 Months
$206.00 per month.
I still owe $11,000.
Miles - 12,500
As little as I drive, it basically costs me $70.00 the one day a week I go out (including insurance) haha.
I figure, I'm on a fixed income and that extra $80.00 a month I got from the refinance helps a lot. And that interest rate is hardly even a hit.
I've had my issues, but they're in the past, so this is my car til the end.
I'd love to upgrade to a Trax, but it's not really financially practical for me.
I'd love to get a clunker and save $250 a month, but this is SO NICe, and comfortable and reliable. It's worth keeping it, I think....
And SO Wicked Fun to drive.....
I wrote a lot more, but cut back to just loan related I still love my car!!!
Loan(s)
1st Loan 2/2014 with DCU
Interest rate - 1.99%
65 Months
$286.00 per month
Refinanced 8/2015 With DCU
Interest rate - 1.79%
65 Months
$206.00 per month.
I still owe $11,000.
Miles - 12,500
As little as I drive, it basically costs me $70.00 the one day a week I go out (including insurance) haha.
I figure, I'm on a fixed income and that extra $80.00 a month I got from the refinance helps a lot. And that interest rate is hardly even a hit.
I've had my issues, but they're in the past, so this is my car til the end.
I'd love to upgrade to a Trax, but it's not really financially practical for me.
I'd love to get a clunker and save $250 a month, but this is SO NICe, and comfortable and reliable. It's worth keeping it, I think....
And SO Wicked Fun to drive.....
I wrote a lot more, but cut back to just loan related
I still love my car!!!
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Prospector
New member
Erm...
2012 Sonic, bought with 12,500 miles in Jan. 2013.
Paid $8,500 - plus taxes, tag etc. came to $10,500
Paid Mostly cash with about $3500 on Line of Credit.
Line of Credit discharged in 6 mos through aggressive cuts in budget.
Poverty loves fast food, slow loans, and bad budgeting.
2012 Sonic, bought with 12,500 miles in Jan. 2013.
Paid $8,500 - plus taxes, tag etc. came to $10,500
Paid Mostly cash with about $3500 on Line of Credit.
Line of Credit discharged in 6 mos through aggressive cuts in budget.
Poverty loves fast food, slow loans, and bad budgeting.
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The Champ
New member
2014 Sonic, purchased new in September of '14.
$20,355 sticker, paid $9466 plus tax, title and license after my dealer discount, factory rebate, USAA rebate, GM credit card cash and cashing in some ACDelco points (I work for an ACD warehouse distributor).
I only financed the car because I learned while getting the paperwork for the USAA $750 rebate (for being a veteran), that they would loan me money for 1.39%.
We're earning 2.24 - 5% on our money in our checking accounts (we have 2) and our CD's (fully funded emergency fund+) - so it doesn't do us any good to pay it off early.
Current balance is $2,981.80 before my June 18th payment.
When Sonic is paid off in 7 months, We'll just add the car payment amount to my house payment (only other debt we have).
Trying hard to be 100% debt free when we retire in 5 years.
$20,355 sticker, paid $9466 plus tax, title and license after my dealer discount, factory rebate, USAA rebate, GM credit card cash and cashing in some ACDelco points (I work for an ACD warehouse distributor).
I only financed the car because I learned while getting the paperwork for the USAA $750 rebate (for being a veteran), that they would loan me money for 1.39%.
We're earning 2.24 - 5% on our money in our checking accounts (we have 2) and our CD's (fully funded emergency fund+) - so it doesn't do us any good to pay it off early.
Current balance is $2,981.80 before my June 18th payment.
When Sonic is paid off in 7 months, We'll just add the car payment amount to my house payment (only other debt we have).
Trying hard to be 100% debt free when we retire in 5 years.
94383Z71
New member
A man with a well thought out and optimized plan. I like it, and congrats on being so close to retirement
I recommend finding a good credit union, since they can offer better rates. I was able to get Navy Federal Credit Union.
My actual payment is $296, but a pay a little more a month and have added extra payments when I can. for a six year loan 21k on my 2013 lt. I owe around 11k.
thisguy4404
New member
I bought my sonic 3-29-16 i put $4000 down and ended up walking out owing $10,900 its a '15 and i bought it with 16000 miles on it. This is my first car and first car loan and i got a 6.5% interest. my payment is $189 a month not too bad for an almost new car. being a single 20 y/o male my insurance is the same monthly as my payment :/
The Champ
New member
Well, after making my most recent payment, the balance due on our 2014 LT purchased new in September of 2014 is now just $1,819.34.
It will be paid off before Christmas.
This is the first car I've had payments on since 2005 - and I hate car payments. But the 1.39% loan interest from USAA was lower than what I was earning on the money that I would have used to pay for the car.
That said, I hate owing money on something that depreciates.
It will be paid off before Christmas.
This is the first car I've had payments on since 2005 - and I hate car payments. But the 1.39% loan interest from USAA was lower than what I was earning on the money that I would have used to pay for the car.
That said, I hate owing money on something that depreciates.
The Champ
New member
Well, the Sonic is paid for. Before Christmas like I posted earlier.
But I still have a car payment...
When we were down in NC back in September our rental was a Cadillac ATS. We really liked it and last month we bought a GM Certified used one with only 12,000 miles on it. Part of the deal on Cadillac Certified cars through the end of October was a 7 yr/70,000 mile bumper to bumper (from the in service date of the vehicle) warranty and 0% financing for 5 years.
So we get 4 years and 8 months or 58,000 miles of bumper to bumper warranty and I figured as long as they weren't going to discount the car if I paid cash I'd go ahead and use their money for 5 years.
Car had a $50,000 sticker and I paid $28,000.
But I still have a car payment...
When we were down in NC back in September our rental was a Cadillac ATS. We really liked it and last month we bought a GM Certified used one with only 12,000 miles on it. Part of the deal on Cadillac Certified cars through the end of October was a 7 yr/70,000 mile bumper to bumper (from the in service date of the vehicle) warranty and 0% financing for 5 years.
So we get 4 years and 8 months or 58,000 miles of bumper to bumper warranty and I figured as long as they weren't going to discount the car if I paid cash I'd go ahead and use their money for 5 years.
Car had a $50,000 sticker and I paid $28,000.
The Champ
New member
No problems - but I really didn't expect to have any in such a short period of time (6 weeks).
Really like the heads up display, the memory seats, rainsense wipers, automatic headlights and I just recently learned of the benefits of a heated steering wheel.
The 2.0L Turbo is a joy to drive and the car handles very well (same chassis as the new Camaro). The Brembo brakes stop the car very nicely.
Really like the heads up display, the memory seats, rainsense wipers, automatic headlights and I just recently learned of the benefits of a heated steering wheel.
The 2.0L Turbo is a joy to drive and the car handles very well (same chassis as the new Camaro). The Brembo brakes stop the car very nicely.
Stew
Sedans Rule!
Alright, just mailed in the payoff, yippee!
3-9-2017:
Paid off!
Mileage to date: 89,000
Have I really been on the forum for over four years? Where does the time go?!
donovanteetz
New member
Bought 7/16
Monthly payment $262
Amount left around 13k
Mileage 60k
2015 sonic ltz hatch
Sent from my iPhone using Tapatalk
Monthly payment $262
Amount left around 13k
Mileage 60k
2015 sonic ltz hatch
Sent from my iPhone using Tapatalk