05-30-2010, 01:21 PM
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#1 (permalink)
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A True Z Fanatic
Join Date: Jun 2009
Location: Jenks, OK
Posts: 2,281
Drives: 370z Touring/Sport
Rep Power: 269
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Quote:
Originally Posted by m4a1mustang
People get themselves into trouble when they look at monthly payments instead of total cost. If you ever go to a dealership with the intent of financing through them, they always ask you "what is your maximum monthly payment?"
Translation, "how much per month can I rape you for?"
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And yet...the night prior I decided while that I could afford 5yr terms, I can sleep better knowing that I can live with the terms that were agreed on...
There's the thought "I can always pay more" (and save myself on interest) - first priority after this is to get her Civic paid off, then roll that payment into my truck, then roll those payments into the Vette. I have no credit cards, I got rid of 21,000 of credit card debt in a year...WITH the Z payment being what it was. The loan is 4.75%/84 mo. It would have been 4.75%/72mo, or 0%/5yr, and I would have been stretching our budget more than I'd have liked (ie, dropping what we're tossing into savings by half)
Honestly, the best (financial) thing would have been for me to sell the Z outright and just walk away and take out a personal loan to finance what I'm under.
But since I posted a for sale thread here, everyone wanted to buy the parts off it, and not go off KBB...I asked $35K, and someone sh|t all over my thread saying "good luck with that"...KBB has it listed for 34...and I've got 2.5K in aftermarket stuff. And, who says I wouldn't take payoff...which I would have...
Anyhow...
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