The 370z that never was

Jayhovah · 06-12-2017, 08:11 PM

This thread makes me happy.

Chuck33079 · 06-12-2017, 08:22 PM

Quote:

Originally Posted by Jayhovah

This thread makes me happy.

It just confuses me. Op justified his bonehead decision to buy his current z by saying he'd keep it a long time and work his way out of the hole he put himself into. Now he wants to eat the depreciation and roll all his negative equity into a more expensive car.

Every time I think how stupid the average person is, guys like the op remind me that half of the population is even dumber than that.

crazy4oldcars · 06-12-2017, 08:35 PM

Yeah. I got nothin'.
Oh, what the hell. I got a few minutes to waste.
Your car. The one with the outrageous loan terms. My guess is that you owe more than the trade-in value, i.e. you're upside down. That difference gets added to whatever new loan you get.
Credit rating. Your's just took a hit when you bought your car. It takes time for your credit rating to recover. Given the terms of your loan, I'm guessing 1. You don't have a long credit history, and 2. You were pretty close to your "credit limit", the point where your income gets overwhelmed by your debt.
(Don't give me that BS about getting better terms later. If you could get a better deal, you would have.).
Until you pay the loan down to where it's below the value of the car you have, you're only option is to put enough down ("buy down" the loan) to make it affordable. It is actually smarter to do that, since debt grows faster than savings. Smarter is relative.
Smart is not getting in over your head in the first place.
Good luck.

Kirk B.

omgwtfreally · 06-13-2017, 12:27 AM

So, my payments are $778, but I've made 1,000, ima up it to 2500 a month, also I mean I'm not overwhelmed I have 2800 left over each months after expenses

OptionZero · 06-13-2017, 12:32 AM

if only money could buy sense

omgwtfreally · 06-13-2017, 12:36 AM

Quote:

Originally Posted by OptionZero

if only money could buy sense

Im.an investor, I'm very good with financial decisions, I realize after my first payment I messed up, simple interest loans are bad. My principal pay was $418, interest was $581.......

I'll refinance I'll also pay off in a year

Chuck33079 · 06-13-2017, 05:04 AM

If you're so good with financial decisions, explain how rolling that much negative equity into a more expensive car is a good idea.

PAYCO · 06-13-2017, 05:39 AM

This thread is amusing me from over the pond. He sounds as sensible as your president Trump. We have a saying in England that an idiot crosses London Bridge everyday. Sounds like this guy is a regular crosser of our bridge.

omgwtfreally · 06-13-2017, 11:37 AM

Quote:

Originally Posted by PAYCO

This thread is amusing me from over the pond. He sounds as sensible as your president Trump. We have a saying in England that an idiot crosses London Bridge everyday. Sounds like this guy is a regular crosser of our bridge.

Comparing me to Donald Trump smh, what an honor

cv129 · 06-13-2017, 01:52 PM

.

Jayhovah · 06-13-2017, 01:54 PM

Quote:

Originally Posted by cv129

.

You don't go to your local tow yard for sound financial advice?

omgwtfreally · 06-13-2017, 03:01 PM

Quote:

Originally Posted by Jayhovah

You don't go to your local tow yard for sound financial advice?

Nope, YouTube

omgwtfreally · 06-13-2017, 02:45 PM

Quote:

Originally Posted by cv129

.

I am an investor dude and a business man

cv129 · 06-13-2017, 02:57 PM

Quote:

Originally Posted by omgwtfreally

I am an investor dude and a business man

Because your parents told you Santa is real

babyzilla · 06-13-2017, 02:58 PM

Quote:

Originally Posted by omgwtfreally

I am an investor dude and a business man

yo, it doesn't matter what you do for a living. No one cares if you're a janitor or the president. If they do care, well then they have their own issues.

The point everyone is trying to make is your threads/posts are seriously ridiculous. Just take a step back from the keyboard and think before you decide to create another thread.

06-13-2017, 12:32 AM	#5 (permalink)
OptionZero A True Z Fanatic Join Date: Apr 2011 Location: Sacramento Posts: 3,270 Drives: 15 370Z Nismo 6MT Rep Power: 214102	if only money could buy sense Memphis370Z likes this. __________________ OptionZero Build Thread

06-13-2017, 05:04 AM	#7 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29540	If you're so good with financial decisions, explain how rolling that much negative equity into a more expensive car is a good idea. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

06-13-2017, 05:39 AM	#8 (permalink)
PAYCO Base Member Join Date: Oct 2016 Location: uk Posts: 128 Drives: 350z Rep Power: 10	This thread is amusing me from over the pond. He sounds as sensible as your president Trump. We have a saying in England that an idiot crosses London Bridge everyday. Sounds like this guy is a regular crosser of our bridge. Jayhovah and Cyber370 like this.

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06-12-2017, 08:35 PM	#3 (permalink)
crazy4oldcars Enthusiast Member Join Date: Aug 2016 Location: SE Texas Posts: 448 Drives: '16 Nismo Tech Rep Power: 28414	Yeah. I got nothin'. Oh, what the hell. I got a few minutes to waste. Your car. The one with the outrageous loan terms. My guess is that you owe more than the trade-in value, i.e. you're upside down. That difference gets added to whatever new loan you get. Credit rating. Your's just took a hit when you bought your car. It takes time for your credit rating to recover. Given the terms of your loan, I'm guessing 1. You don't have a long credit history, and 2. You were pretty close to your "credit limit", the point where your income gets overwhelmed by your debt. (Don't give me that BS about getting better terms later. If you could get a better deal, you would have.). Until you pay the loan down to where it's below the value of the car you have, you're only option is to put enough down ("buy down" the loan) to make it affordable. It is actually smarter to do that, since debt grows faster than savings. Smarter is relative. Smart is not getting in over your head in the first place. Good luck. Kirk B.

06-13-2017, 12:27 AM	#4 (permalink)
omgwtfreally Base Member Join Date: Feb 2016 Location: Santa Rosa, CA Posts: 116 Drives: 2017 370z sport+tech Rep Power: 11	So, my payments are $778, but I've made 1,000, ima up it to 2500 a month, also I mean I'm not overwhelmed I have 2800 left over each months after expenses