Huge mistake, need advice!

Pitch

I saved for a month and didnt want to wait any longer, and i needed 3k overnight. So yes, i did

dP3NGU1N

Consider this a lesson learned. Suck it up and live with it. The last thing you want to do is make another brash decision and trade it in at a huge loss.

The biggest move I would recommend is putting it out there for a possible trade with cash on top for a used Z. There are quite a few members on here who are looking to switch to a 5.0. Other than that it seems you already have a plan in mind to go for the next generation Z. Stick with it. The last time you deviated from your plan you ended up with a mustang.

Measure twice, cut once. Words to live by.

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SouthArk370Z

If I were in your position I would seek out the advice of someone you can trust and understands the ins and outs of all this. You're probably not going to be able to swap right away but your expert may be able to give you a time period when it would be feasible and if doubling up on payments would make financial sense.

Good luck.

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Pitch

im a machinist, i know all about this haha

Pitch

oh, i also technically put 9k down. The bank said no to the loan after 2 days (i still liked it then) and i said i can do this and they said ok. So my dad lent me 3k i have to pay back over 6 months. not sure if that makes a diff on the upside down thing.

However, the last 3 days ive gotten notices from 3 different banks saying ive been declined for the loan. Who knows, maybe ill somehow have to take it back


And pics are to come, later tonight

Waiz

I would just own it for awhile and start modding it

The 370z value is going to sink like a rock once the Z35 is available and you can get one for half off in 3 years

jcosta79

I call BS.

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gsxr750

stop any deals before they go any further and really check out the pricing on the used cars you are looking at , most dealers really rip you off when buying a used car and will charge you sometimes almost twice what they paid for the used car.

Buy new if you can and never pay more than dealer invoice and never pay document or paper work fees.

tower74

Ahh your 21. Don't sweat it. Just make sure you make the payments. Learn from your mistake and move on. I sat behind the wheel of a ford exploder for 5 years because I bought it for an ex. Now that's a mistake. If you keep at least two and then trade it in, just watch your mileage on the land yacht and keep it in a garage.
Hey I trade my cars in about every two years. If you can afford to take the trade in hit don't worry what the haters will say. It's your money, spend as YOU see fit. The most important part is to enjoy what you have and the fact that YOU are paying for it not your parents.

tommyguns

Classic! " but the new 5.0 honestly is a way better car for your money... the only thing the Z has on it is exterior looks and balance/handling... I've driven c5's, new mustangs, camaro's and nothing compares to the Z handling wise..." Not much left after that.

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b15

I was thinking the same thing!

Jordo!

I would learn to love the Mustang for another couple of years. Unless you can afford to take a loss, which it sounds like you can't.

Also, as you noted, in a few years there will be a new Z, and late model 370's will also be cheaper if you decide you prefer the 370 over the next gen version.

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bdavis89

Umm...yeah..you can't go wrong with a 5.0. Enjoy it! This isn't your last car.

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Tigger

I only read the first and last page. But having done this for the last 17 years which, in terms of relativity, is nothing to some other people on here, I can say this much...

You'll get what you want eventually. There is a damn good reason you wound up with your Mustang. Whatever it is, I wouldn't worry too much. Just drive the damn thing. Don't mod it. Don't screw with it. You'll get even less in the end. And do not make double payments. But with $6k down, you'll likely have some decent equity in three years to use towards a new Z, if it is still around that is. (I'm guessing the 2015 Toyota Supra is going to kill just about everything as long as it is executed well, and yes, I have taken a number)

Consider this as a credit builder. When you are ready to hop into what may well be a $50k car by then, you'll both have the credit and the means to snatch up whatever the hell you want without batting an eye. And THAT is what you should strive for.

Good luck to you!

Pitch

Cause i liked my friends for a while before i got hooked on the 370

Heres pics of mine from the morning after i bought it. Literally the only pics i have of it