Torn between two beasts.

Fearless_Z · 06-09-2016, 09:02 PM

Well I have 6 years left on my home until its paid for. I have no other bills aside from utilities. Im 25 and I've been lucky enough to get set up like I am. I have a great job (now). With a steady 4k-7k increase in salary for the next 4 years that is definite. So I figure if I am gonna buy something that I am going to keep until the wheels fall off, I might as well go big. I mean, it would be one thing if it put me in a bind or kept me from saving money on the side for other things but it won't. Yeah, I'll have a $600 note but I'm going to have one hell of a car. Plus, that note is only $150 more than my note was on my Z, the only difference is the size of the down payment I am putting on the car.

Fearless_Z · 06-09-2016, 10:38 PM

And I know...this thread went from 370z vs Challenger to Corvette, lol. You know how it is when it comes to cars. I'll probably change my mind 100 times. I've just never bought anything new before and I figured 84 months financing was a good option because otherwise, I wouldn't buy a car that expensive.

husam2012 · 06-10-2016, 01:19 AM

Quote:

Originally Posted by Fearless_Z

And I know...this thread went from 370z vs Challenger to Corvette, lol. You know how it is when it comes to cars. I'll probably change my mind 100 times. I've just never bought anything new before and I figured 84 months financing was a good option because otherwise, I wouldn't buy a car that expensive.

That's a bad path to take, no vehicle is worth financing over 84 months. You are just 25 year's old, would you still like driving the Corvette everyday by the time you're 32? A lot changes in 7 years, might even have a recession or something lol.

Now, I've personally gone through that path and almost decided on leasing a scat pack then thought about corvettes and Camaro SS's but in the end decided that the most financially sound choice is a few years old used Z..

I'm only 19 so you probably have more experience than me but personally i would never have a 600$ payment on a car unless it's a GTR or something better.

If i were to do it again with a full time job and not being a student, I would definitely get the new Camaro SS as it's the best new performance value IMO.

It's my next vehicle choice as soon as they depreciate a little.

As for people calling the Camaro heavy, It's only 300 pounds heavier than the Z, has 2 more seats, better tech, better safety, and about 150 more horses. Also kills any stock Z in every performance category, so what's the point?

Fearless_Z · 06-10-2016, 01:41 AM

Well tbh, the "Z51" outperforms a lot of cars, even the GTR in "some" cases. Not in a drag race, of course. But I've seen it beat a newer GTR around a track. There's actually a video on edmunds of it. They were comparing the Z51 vette to cars like the GTR, Viper, etc, etc. It came in 2nd to the Viper. So the way I look at it is, im basically paying for a car that has amazing potential and capability for way less than say...a GTR. I'm a huge fan of the GTR, just not its price tag. And I'm just not seeing the bad in financing a car for 84 months other than a little increase in interest. Regardless if its paid for or not, it'll be worth the same amount of money whether its paid off in 6 years or 7 years, granted that I'm paying a little more in interest.

Chuck33079 · 06-10-2016, 06:51 AM

Quote:

Originally Posted by Fearless_Z

Well tbh, the "Z51" outperforms a lot of cars, even the GTR in "some" cases. Not in a drag race, of course. But I've seen it beat a newer GTR around a track. There's actually a video on edmunds of it. They were comparing the Z51 vette to cars like the GTR, Viper, etc, etc. It came in 2nd to the Viper. So the way I look at it is, im basically paying for a car that has amazing potential and capability for way less than say...a GTR. I'm a huge fan of the GTR, just not its price tag. And I'm just not seeing the bad in financing a car for 84 months other than a little increase in interest. Regardless if its paid for or not, it'll be worth the same amount of money whether its paid off in 6 years or 7 years, granted that I'm paying a little more in interest.

A lot can change over that long of a note. The rule of thumb is that "if you can't afford to buy the car on a three year note, you can't afford the car". Over an 84 month term, you'll pay a lot more in interest. Your situation may change. Nothing is definite in employment. Just ask all of the guys who were making bank working in the oil country.

If you do make this poor financial decision, at least call your insurance company and see what they would charge you for gap insurance. It's often much cheaper than at the dealer. You don't want to have something happen and be paying on a car that got wrecked or stolen.

You say you have no other bills except utilities - does that mean that you've got a 6 month emergency fund saved up and you max out your retirement contributions? If that's the case, this isn't the worst idea you could have. If you're not doing that, start and see if you can still afford the Vette. You'll be very happy you did later in life.

Dirk McGurck · 06-10-2016, 06:37 AM

I don't like the front or back of the C07. Side profile looks good.

Fearless_Z · 06-10-2016, 06:46 AM

Well I will be honest with you. If I could get that 2014 Nismo I posted in the thread earlier for closer to 30-31k, I would jump on that and be happy. I've sent the dealership a email requesting to speak to someone about the car and if we could work out a deal but so far, no reply. The dealership is about 350 miles away in Fort Worth, Texas. So it wouldn't be a bad drive at all.

Fearless_Z · 06-10-2016, 07:05 AM

Well in the line of work that I do, one thing I don't have to worry about is job security. I work for the Federal Bureau of Prisons. As for retirement, I have a TSP account with my job in which 5% of my check goes into and the Feds match it and so on and so forth, and yes, I could always do more with that. But on the other hand, I see what you are saying and you are correct. My perspective was just different. I was looking at it in another way but I know that the only way for me to afford the car on a 5 year loan, is to save up around 20-25k and drop that as a down payment. My problem is patience, I've been waiting for 3 years already to get back into another fun car and out of the soccer mom SUV I've been driving. Its killin me, hah!

Chuck33079 · 06-10-2016, 07:11 AM

Even a five year note is really pushing it unless the rate is awesome. I signed up for five years with my DD, but at 0.9%, I'll take all the term you can give me. I don't see GM offering that kind of rate on Vettes yet. They're not having any trouble selling them right now. The best move would be an intermediate car. Find what you can get on a 3 year note with a moderate down payment, and bank the difference for a couple of years. Then you can get into that Vette without signing for 84 months.

Fearless_Z · 06-10-2016, 07:14 AM

I honestly have no idea what I'm going to do. If I can get that dealer to come down on that Nismo to around 30k, i'll jump on it. Otherwise, I'm probably just gonna sit back and keep saving.

Dirk McGurck · 06-10-2016, 07:42 AM

Buy one of the 10 370ZTTs for sale on the Facebook page. Cheaper than the Vette by a large margin.

Chuck33079 · 06-10-2016, 07:57 AM

Quote:

Originally Posted by Dirk McGurck

Buy one of the 10 370ZTTs for sale on the Facebook page. Cheaper than the Vette by a large margin.

That makes sense as long as you're reasonably mechanically inclined. FI Zs require more maintenance and upkeep than a stock car.

Dirk McGurck · 06-10-2016, 08:46 AM

He can put that extra $300 per month he saves on the car into a mechanic fund.

B&W_Evader · 06-10-2016, 09:11 AM

How about a low mileage used C6-Z06 for around 40k. That thing will knock the socks off a Z, and only 30hp less than the new $75.5k Z51. That'll be all you need to more fun than is legal. Use the leftover funds for track days and chicks! Lots of performance in that package. Reliable 430HP, easy to increase and car is designed to handle it.

Hotrodz · 06-10-2016, 09:37 AM

Lol my tt Nismo eats Vetts for snacks! If it wasn't for continually modifications the maintenance is no different than a stock Z. The reality is that most people don't keep up with the maintenance on their vehicles.

Sent from my SM-N910P using Tapatalk

06-10-2016, 06:37 AM	#6 (permalink)
Dirk McGurck Track Member Join Date: Jun 2014 Location: Delaware Posts: 715 Drives: 09 MB 370Z Touring Rep Power: 22	I don't like the front or back of the C07. Side profile looks good. Tick64 likes this. __________________ 2009 370Z Touring with Sport

06-10-2016, 07:05 AM	#8 (permalink)
Fearless_Z Base Member Join Date: Sep 2012 Location: Center Point, LA Posts: 208 Drives: 2014 Nissan Z Nismo Rep Power: 13	Well in the line of work that I do, one thing I don't have to worry about is job security. I work for the Federal Bureau of Prisons. As for retirement, I have a TSP account with my job in which 5% of my check goes into and the Feds match it and so on and so forth, and yes, I could always do more with that. But on the other hand, I see what you are saying and you are correct. My perspective was just different. I was looking at it in another way but I know that the only way for me to afford the car on a 5 year loan, is to save up around 20-25k and drop that as a down payment. My problem is patience, I've been waiting for 3 years already to get back into another fun car and out of the soccer mom SUV I've been driving. Its killin me, hah! solo413 likes this.

06-10-2016, 07:11 AM	#9 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29539	Even a five year note is really pushing it unless the rate is awesome. I signed up for five years with my DD, but at 0.9%, I'll take all the term you can give me. I don't see GM offering that kind of rate on Vettes yet. They're not having any trouble selling them right now. The best move would be an intermediate car. Find what you can get on a 3 year note with a moderate down payment, and bank the difference for a couple of years. Then you can get into that Vette without signing for 84 months. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

06-10-2016, 07:14 AM	#10 (permalink)
Fearless_Z Base Member Join Date: Sep 2012 Location: Center Point, LA Posts: 208 Drives: 2014 Nissan Z Nismo Rep Power: 13	I honestly have no idea what I'm going to do. If I can get that dealer to come down on that Nismo to around 30k, i'll jump on it. Otherwise, I'm probably just gonna sit back and keep saving. solo413 likes this.

06-10-2016, 07:42 AM	#11 (permalink)
Dirk McGurck Track Member Join Date: Jun 2014 Location: Delaware Posts: 715 Drives: 09 MB 370Z Touring Rep Power: 22	Buy one of the 10 370ZTTs for sale on the Facebook page. Cheaper than the Vette by a large margin. __________________ 2009 370Z Touring with Sport

06-09-2016, 09:02 PM	#1 (permalink)
Fearless_Z Base Member Join Date: Sep 2012 Location: Center Point, LA Posts: 208 Drives: 2014 Nissan Z Nismo Rep Power: 13	Well I have 6 years left on my home until its paid for. I have no other bills aside from utilities. Im 25 and I've been lucky enough to get set up like I am. I have a great job (now). With a steady 4k-7k increase in salary for the next 4 years that is definite. So I figure if I am gonna buy something that I am going to keep until the wheels fall off, I might as well go big. I mean, it would be one thing if it put me in a bind or kept me from saving money on the side for other things but it won't. Yeah, I'll have a $600 note but I'm going to have one hell of a car. Plus, that note is only $150 more than my note was on my Z, the only difference is the size of the down payment I am putting on the car.

06-09-2016, 10:38 PM	#2 (permalink)
Fearless_Z Base Member Join Date: Sep 2012 Location: Center Point, LA Posts: 208 Drives: 2014 Nissan Z Nismo Rep Power: 13	And I know...this thread went from 370z vs Challenger to Corvette, lol. You know how it is when it comes to cars. I'll probably change my mind 100 times. I've just never bought anything new before and I figured 84 months financing was a good option because otherwise, I wouldn't buy a car that expensive.

06-10-2016, 01:41 AM	#4 (permalink)
Fearless_Z Base Member Join Date: Sep 2012 Location: Center Point, LA Posts: 208 Drives: 2014 Nissan Z Nismo Rep Power: 13	Well tbh, the "Z51" outperforms a lot of cars, even the GTR in "some" cases. Not in a drag race, of course. But I've seen it beat a newer GTR around a track. There's actually a video on edmunds of it. They were comparing the Z51 vette to cars like the GTR, Viper, etc, etc. It came in 2nd to the Viper. So the way I look at it is, im basically paying for a car that has amazing potential and capability for way less than say...a GTR. I'm a huge fan of the GTR, just not its price tag. And I'm just not seeing the bad in financing a car for 84 months other than a little increase in interest. Regardless if its paid for or not, it'll be worth the same amount of money whether its paid off in 6 years or 7 years, granted that I'm paying a little more in interest.

06-10-2016, 06:46 AM	#7 (permalink)
Fearless_Z Base Member Join Date: Sep 2012 Location: Center Point, LA Posts: 208 Drives: 2014 Nissan Z Nismo Rep Power: 13	Well I will be honest with you. If I could get that 2014 Nismo I posted in the thread earlier for closer to 30-31k, I would jump on that and be happy. I've sent the dealership a email requesting to speak to someone about the car and if we could work out a deal but so far, no reply. The dealership is about 350 miles away in Fort Worth, Texas. So it wouldn't be a bad drive at all.

06-10-2016, 08:46 AM	#13 (permalink)
Dirk McGurck Track Member Join Date: Jun 2014 Location: Delaware Posts: 715 Drives: 09 MB 370Z Touring Rep Power: 22	He can put that extra $300 per month he saves on the car into a mechanic fund. __________________ 2009 370Z Touring with Sport

06-10-2016, 09:11 AM	#14 (permalink)
B&W_Evader Track Member Join Date: Aug 2011 Location: CA Posts: 972 Drives: slower than before Rep Power: 388	How about a low mileage used C6-Z06 for around 40k. That thing will knock the socks off a Z, and only 30hp less than the new $75.5k Z51. That'll be all you need to more fun than is legal. Use the leftover funds for track days and chicks! Lots of performance in that package. Reliable 430HP, easy to increase and car is designed to handle it. __________________ \|RIP\|6spd-sport\|OSG-LSD\|XP8\|RBF600\|Eibach Sways\|RE-71R\|FI-34Row\|Gen3-CAI\|Yaw P.S.\|

06-10-2016, 09:37 AM	#15 (permalink)
Hotrodz A True Z Fanatic Join Date: Aug 2012 Location: NW, AZ Posts: 9,330 Drives: 10 Nissan 370z Nismo Rep Power: 2684385	Lol my tt Nismo eats Vetts for snacks! If it wasn't for continually modifications the maintenance is no different than a stock Z. The reality is that most people don't keep up with the maintenance on their vehicles. Sent from my SM-N910P using Tapatalk TerribleONE and Dirk McGurck like this. __________________ *Fast Intentions TT Installed and Tuned by Seb at SpecialtyZ 610whp 560tq:\|Fast Intentions 3" TT-TDX*\|SpecialtyZ/Fast Intentions 72 Row Oil Cooler\|SZ 6 Puck Clutch & Flywheel\|3GsCustoms\|Z1\|Wavetrac\|Hotchkis\|Whiteline \|Blitz\|Fortune Auto 500\|Fujimura\|SPL\|H&R\|TK\|TWM\|RPM Rollbar\|Sparco\|Next Level Performance\|TrackSpec\|AeroFlow Dynamics\|Pioneer\|

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