Brand new 2017 NISMO tech

solidus

I have a 15' Nismo, I paid 34.4k OTD for it in Feb 2016.

Zoren 370

Its his money and headache. So let him be and let him enjoy his car.
It might not sound good to everyone but his driving his dream car.

If his happy with it. I don't see any problem.
His grown up and he can figure it out him self. Mistakes are the best teachers in life.

Doc's Z

You will definitely want to refinance (if you can); otherwise, the APR and your 72-month loan put you well behind when it comes to the value of the car vs. what you owe (interest is front-loaded - like a mortgage). You may want to verify that your insurance company will pay what you owe, not the vehicle's value, if it's totaled. If they only cover the vehicle's value, research "gap insurance."

If your APR and loan remain unchanged (not refinanced), approximately 30% of the total loan will have gone to interest payments. If you financed an extended warranty, sales tax, fees, etc., then this percentage increases.

Include $725 car payment + $X on car insurance + $X on monthly fuel/etc, and that takes a rather large chunk out of your ability to save for a home (or other purposes). There is a term called "house poor." The same thing applies to cars. You are now car poor. The reality is, you are now spending over $1,000 a month on a single vehicle. Said another way, after you deduct taxes from your annual salary (compare apples to apples - your actual take home pay), you are spending upwards of 25% of your annual salary on a car. For a house payment, there is what is known as the "28% rule." Granted, this rule is for "gross income" rather than take-home pay; however, you are nearly exceeding that rule, and for a car.

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Chuck33079

All good info, but you're talking to a wall. OP is completely incapable of taking sound financial advice, as he will find out in a year or two when he sells this thing at a loss since he's miles underwater. I'd say he got raped on the deal, but you can't rape the willing.

You can't save them all. Some people's entire reason for existing on this planet is to provide cautionary tales for others to learn from.

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2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

OptionZero

Epic failure of a thread

Purchased a day after starting the thread and ignored all the advice

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OptionZero Build Thread

Z-Girl 12

12% interest??? Never...Geez

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2012 Z-SOLD
2014 Nismo #565 Fast Intentions CBE/HFC/Swift/SPC/RJM/H&R-15/20mm/Z1 CAI/Headers/Intake Manifold w/Uprev Tune 328.31whp/263.64tq

Zoren 370

Now you know how banks survive and rape people who are desperate and dont know any better after been given good advise! Lol

Xhilr8n!

Makes me remember when I was that age, that stage of life. How I wanted so much to have a fancy car. How I could rationalize how and why it made sense.

Nowadays my brain tries to explain to me why a new DB11 makes sense. It makes some pretty good arguments.

A lot of good mature reasoning has been laid out in this thread. Reminds me of what Dad told me, what I tell my son.

I really enjoy our Z cars. But honestly the Civic Si is great fun to drive and I paid $22,000 off the show room floor. For most real life situations it's better than any Z.

And if we do get a new Z next year, our current cars will lose a lot of value. Being stuck with years of payments on an out of date model can be pretty awful. But how we learn.

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Lotus: 1974 Europa, 2005 track Elise, 2011 Evora S
DD: 2015 Honda Civic Si, Toyota Tundra TRD PRO
2007 350Z, 2010 370Z 40th, 2016 370Z Nismo, should read XZILR8N!

Nixin

I applaud all of the forum members for giving some great advice on this thread. That is why this forum is amazing! BTW OP, you could have saved yourself time, headaches, belittling, etc. had you just listened to yourself in the first place. Hell, you didn't listen to anyone here! Good luck and enjoy your Z.

omgwtfreally

That isn't true I wanted the NISMO,. And I downgraded to sport tech

I wish you guys would be happy for me

Nixin

Downgraded to a sport tech? Really? I for one do not see the Nismo as being a huge upgrade. But that is subjective. If that's what you did, then good for you.
As for being happy for you, you need to be happy with your decision. I am certain that everyone here is happy for you. The Z is an awesome car.

OptionZero

That right there is where you ****** up.

You posted asking for "advice"

What you really wanted was a bunch of ra-ra, slap you on the shoulder and crap.

You weren't honest with yourself.

Enjoy your payments.

Ignorance is bliss i guess

but when you realize how bad you ****** up, don't turn to drugs or anything, just remember this thread and how we told you so and um . . . learn?

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OptionZero Build Thread

Jayhovah

You provide a lot of material for my sig.

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2013 Gun Metallic Sport - Gamma V3 Twin Turbogized
DIY Gamma V3 TT Install * Jayhovah's Gamma V3 TT Install Pic'Z and Vid'Z * DIY: Washer Reservoir for the Boosted

omgwtfreally

The illuminum kick plates they are selling to me for $166
They said that's whole sales

crazy4oldcars

Courtesy Nissan parts $158
http://www.courtesyparts.com/370z-pa...kp?parent=2749

Kirk B.