Brand new 2017 NISMO tech
 

So, I have a question for those of you who purchased a new NISMO, first off I make 68k a year, transunion and ecofax are like 650 for a 2017 NISMO tech I wanted to get a good deal, first thing is first I was offered a full loan 48k it's tax and all, but they said I need 14k down that sounds like alotim not worried about the ARP, I want to do 84 months devided by 48k = so 571 a month payment I am able to more then afford that, I don't plan to pay for more then three years, but I still want to go with a 84 months, so, I wanted to try to get a good deal I've seen what a lot of people's otd price is and I thought I could negotiate, they said they don't get a rebate and they won't go much near invoice, so 44k 48 after taxes, I mean I want the car badly and I can afford the payments, but I don't want to put 14k down, im going to assume that's always up to the financial loaners? Regardless this is what I don't get they will loan me 48k, but 14k? I mean. To me I see it as getting a loan for getting a loan for 34k and just paying the difference, regardless I was curious if my g.f co signs will that make it so I don't have to do a down payment?
Anyone who is expert in any of this and could help me with some advice I want illuminum light up kick plates and license plate and floor mats car cover but I mean sure don't feel like a great deal that 48 does not include that stuff.
Also she has good credit with a lot of credit history all payments on time, and she makes 6 figures.
Thanks

One last thing, I used to own a 3G Eclipse my drive way is of and people tend to scrape I didn't in my 3G if I came in at the correct angle ground clearance on that car was 5.8 what is the 17 NISMO? I don't want to scare a close to 50k car from my drive way lol that's all thanks, I apologise is this is hard to read in working and texting it via my phone.

At $68k a year living in (broadly) the bay area, i wouldn't be looking to buy a brand ******* new car at full price.

Save that money for a house, man, thats way more important and also much better investment.

Your 48k Z is gonna be worth far less than that in a year.

Factor in also you're gonna be paying insurance on a brand new car at . . . i'm sure age 20 something?

Don't get your girlfriend involved in this ****. You aren't married, the relationship can end anytime, and she makes more money than you, now u are in an awkward position.

Bottom line:
in your current situation, buy a reliable used car as a DD and save your damn money.

I didn't buy my Z until i had a house for a few years and made it to six figures at work
even then i bought used on my nismo to save around 25% off the new price

Agreed with Optionzero. Don't mean to be a d!ck but it doesn't sound like it would be financially responsible for you to get a nismo at this time. Keep saving and get your credit score up.

+1 on leave the girlfriend, and her credit, out of it.
The 14k down is so you don't end up owing more than the car is worth when you drive it off of the lot.
You have to leave emotion out of the showroom. If they don't want to dance to your tune, find a new partner. Nissan made a couple of thousand 17 Nismo's.
Another thing to look into: insurance on just my Nismo was going to be $2,100 per year. (I have 2 20 something boys living at home). My driving history is clean, and I had a 6 year relationship with that insurance company. My *former* insurance company.
My advice would be to wait 6 months and look around again.
Good luck, whatever you decide.

Kirk B.

Okay, I understand what you are all saying, but I have very little expenses, as far as my gmfco signing I didn't ask her too plus she can be released once my credit is 700, and it will be, I've already been quoted $1,025 6 month premium, full coverage and cap and my current DD, I understand the house I get it but even though I want 84 months I plan to pay it off in two years so I only have two years of APR , depending on ml what my Apr is is, im 27 you only live once I have other assets, and a vending machine business, I can more then afford the payments in the car, I'll get a house when in 30,I appreciate your guys input

I would hold off, and wait, if you really want a nismo, buy used....
there is a lot of money involved with that and a 7 year loan... hmmmm....
just wait your time out and not get the red mist..

My 2 cents, the nismo is at bit pricey, considering other cars...

I bought beaters for a lot of years, keep them 2 years and through them away when the repairs were too much... (had some fun beaters)

Bought my 2012 in September 2011, and there are times to this day, I think I should have walked away, not from the car, but the deal I did.

Car is super and in black cherry, which I really wanted....

Also a bit older, kids are grown and gone, so I could afford it....

Good Luck on trying to figure out what to do...

Y'all making me feel bad about wanting to get a NISMO, when ila few awhile back I made a post getting information, and advice about getting one, I mean isn't life about living? I've wanted a z for two years, I make great money and have very little expenses. :'(

Sometimes the truth hurts. Shop for a used Nismo.... You will pay little more than half the 48k you're about to spend.

Or, if you are going to mod the suspension, exhaust, etc... then get an earlier model sports package and have the Nismo body kit put on.

Livin in CA, you are paying a lot in taxes. Calculate what you ACTUALLY take home from your 68k. Then subract an estimate of vital expenses every month (rent, food, bills, etc).
You are going realize you only end up with like 25-30k if you're doing well. Do you really want to spend ALL your money from two years of working on a brand new Nismo? Then realize some of that money is going to go to other things like.. you know... going to a movie. Or buying stuff for your GF. Or Fuel. Or literally anything else you want to do. Do you really want to spend ALL of your savings from 3-4 years of working a brand new Nismo? This doesn't even figure how much interest you might pay for the car as well.

You can still have almost exactly what you want... just be smart about it.

i don't really give a f-ck how you feel. You asked for advice so you're getting it. If you don't want to hear it, don't post. If all you want is reassurance that your plan is awesome talk to a fuckin mirror.
To be honest your plan sounds pretty stupid when you can get a used nismo for at least $10k less. i mean really, nissan is ripping off everyone thats buying a new nismo these days. it's nearly a decade old chassis

and unless you love the 15+ kit you can get non-nismo for half the price of a new nismo

but again

throw emotion out of this

get a damn house first

Okay I did the math, after a month of all my expenses,im left with 2672, that is after taxes btw, so, I mean im great with my money in actually a total cheap skate, but I really wanted this car a long time and I k ow I can easily afford the payments....By if you guys think I should go with a touring... I'll do that.... But I don't think the 2017 get a nav pack now

Champagne on a beer budget is what my dad used to tell me. Buddy, 7yrs is not worth it. In all honesty a 7yr deal on a 17' Nismo is damned near loan sharking. You'd be way better off looking for an 09+ touring that someone is sick and tired of. You could have it paid for with what you're being asked for as a down payment and probably have a few bucks for some mods. Drive it for a minute find out what you want it to do and I guarantee you 100% within a year you could have a car that would crap on a bone stock 17' Nismo both in looks and performance. And if you're serious about it and have some discipline you could be boosted, suspended , body kitted , hooded and all the while have a title to your car ( Not the banks) in your file cabinet. Just sayin.

100% True. (BTW good to hear from ya Al)

I have less than 32k in my Z, which I bought with only 22k miles and only had 1 day to look for it because of circumstances. If you spent 48k+interest on your Nismo and then drove my car you would go to a gun store, wait through the holding period, and then off yourself.

here's what i did ....

1. bought a house

2. built my credit ... (currently 843)

3. saved money

4. bought my 17 NISMO - COMFORTABLY- (cant stress that enough)
do not blow all of your savings on a car.... you always need an emergency fund

Okay everybody first thing is first I'm using voice text so if I don't make sense I do apologize that being said I really appreciate all the feedback I'm getting from everyone I understand where you're coming from and I do appreciate it thank you very much that being said okay I get it you guys and I won't buy any smoke is low so how about this what if I purchase a 2017 Corolla S 6 speed manual transmission touring I mean is 10 plus thousand dollars cheaper also I know how you guys always say once you drive it off the dealership and loses its value but hear something about that if you really like a car and it means a lot to you why does that matter also I feel like there's pros and cons to buying a new car vs buying a used car and vice versa so if I buy a new car gotta leave can I get gap insurance is great and I get a warranty I think those other Pros the cons are obviously the interest in the high market price I see the pros about used car it's cheaper the Kansai CR is used it could be a fuse and you don't get a warranty so I fellas events so can I get a chore guys?

I accept your apology for the voice-to-text. However, it is incomprehensible. This discussion can always continue once you get in front of a keyboard.

One more comment, then I'm stepping out.
Bottom line, it's your money, you earned it, do what you want with it, lol. You asked for an opinion, and got your money's worth. I think the car you're looking at is over-priced, but I don't know the market in California. I've never paid MSRP or above for a car.
A little patience, rather than licking the window sticker, can pay off. Literally, not figuratively. The fact that you are on here asking about the deal suggests to me that you have a few misgivings about it. Listen to your instincts.
Again, good luck getting you a car you can live with.

I would say **** it and get the Nismo-Z BUT I would look for a low mileage 15 or 16 ,let the first owner take the loss. I bet you could get a 16 Nismo-Tech for ~36, and dont be scared to look out of state considering distance.Your 27, single, and as long as your not counting on your GF to support you or the car go for it!!! Another thing, you will not be taking as big as a loss when purchasing a 15 or 16 if you decide you dont like it..
You sound like a level-headed guy so as long as you keep your money in order and pay your loan on time you should be fine plus your credit score will increase with timely payments. :gtfo2:Dont get the Crap-olaS you will hate that you did not get what you really wanted.

When I want something, I want it bad and I can comfortably afford it, I'm getting it. I don't care what others say. I love the 15+ Nismo and I'm super picky. I'd rather have a car like this brand new then used or not have it at all. Too me its something special, want it right from factory and worth the extra cash. If you're comfortable with payments and love the car that much, I say do it man.

yeah, this is horsecrap, no one can figure out what you're saying. Just wait till you get home/work and type like a human so other humans can read and comprehend what you're trying to say

i don't know why you're bringing up getting a 2017 corolla.

If all you want is a cheap DD . . . get a cheap DD. There's probably a 1997 Corolla out there for a couple grand that will get you 30mpg with chump change insurance that will get you to work.

Then you can save damn near your whole pay check and buy a damn house.

Get a raise, build up your credit, and get a used Z in 2 years for half what you'd pay now. Profit.

Guys, im off work at a different nissian dealer ship, and im thinking of just going with the sport tech, what would you guys think is a good otd price?

Also if I get bucket seats will that voicrthe warranty?

I think almost all of us are saying to not buy a brand new car. Particularly a brand new car that's almost identical to the same model from 8 years ago.

My advice is to go find an older sports package Z with 30-40k miles on it, but ultimately you should do what you believe is best for you.

Well said...good stuff...

7 year car loan??? Geez...never...

I agree! I got my '12 370Z with 38xxx miles for a a pretty good deal.


Now I get how the OP sees this, I was in the same position last year.
I just turned 20 and had no expenses, so i thought that paying $200 a month is nothing but it really adds up. Insurance is $150 compared to my beater at $60 a month and gas is double any regular economic car.

Although, My credit score was almost 800 when i took my loan (I also had almost 1/2 of the purchase price as a downpayment)

To the OP, I would honestly recommend not buying anything until you have at least a 5-10K down payment and certainly not a brand new car.

48k for 84 months? With no credit interest rates maybe around 5% Payments will be 678 a month. So you will actually be paying a total of 56,952....then you will get killed on resale in 7 years when you get 25k or so for it. This will cause you to lose approximately 30K at a minimum. Buying used will get you the same car at a lower price and will save you a ton in the end... Buying new is never financially smart. I say financially because there are reasons that people buy new beyond financial reasons....but in 99% of the cases they should have purchased used.

Im so so so sorry guys, I just purchased a pearl white 6 speed, manual transmission,sport tech for $700 invoice. And 5k down

If I keep it for 10 years... Why is it so bad guys :'( plus y'all.mademe downgrade

So your paying 700 a month for 84 months? = $58,800
Great choice in car its reliable and performance is great...but you paid way too much for a 370z...
You will lose a ton in the first year just in immediate depreciation...
So its bad only because when you sell it you will have lost probably 40k +....

You could have purchased the exact same car maybe a 2015 with low low miles used for lower 30's....total loss would probably have been 1/2 the loss ...saving you over 20k if you purchased used.

However, if you keep it that long is better than if you sell it say in 2 years....because the immediate depreciation will leave you upside down owing probably more than you can even sell it for.

I got my Nismo tech for under 42k out the door. Brand new 4 miles on it.

Okay, I got a sport tech, 2017 financed $35k Put down 5k, at 12% Apr....I'll refinance it in a year, also I got the service package....And my payments are $725 at 72 monthsI'll pay it off with a low interest rate within three years

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

Epic failure of a thread

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

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.

12% interest??? Never...Geez

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.

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

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.

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

I wish you guys would be happy for me

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

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

Kirk B.

Brand new 2017 NISMO tech
 

Holy crap. I thought I was rockin' at 810.


OP. DO NOT do this. I was upside down for years based on the same thinking that you have. Now I'm completely opposite. I don't want to finance anything because I don't want to pay interest. I have not paid interest for at least 5 years on anything and believe me, it's a wonderful feeling.


Sent from my iPhone using Tapatalk