18 here. i purchase my Z last year and it's my first Z, my first car was a 1993 Mitsubishi Evo 3

lol, where did you get that i was mad? im not lol and could care less. I own a house, the 370z is my second car. dont you worry, im well set up. Also, i had nice cars when i was younger as well because i was lucky enough to have help from my parents. What i wrote wasnt to make fun, so dont go jumping to the conclusion that what i wrote means that I am mad at young people with nice cars. If anything you should have realized that my point is true. Its easier to save the money when you live at home with mommy and daddy cuz you dont have any other expenses. but in my opinion, moving out of the house and going to school and living on your own, getting to travel a little and enjoying your youth is a high priority and by doing that, it makes it much much harder to be able to afford a sports car... I was pointing out facts, not complaining about things. but I do know that saving and paying for a Nismo in 4 months is highly unlikely...How would you be able to make $38,000 + in 4 months?

Good point. When I talk about owning the car, i mean bought out and payed off, not just making payments.

You make a good point. When I grauated college in Aug 09, my fiancée (at the time) and I moved back home with my parents. We did it to save money so we could buy a house and plan our wedding. Well, we got as far as planning the entire wedding. We had all our vendors booked. Then she broke it off in October.

I got my job in Dec 09, bought my house in April '10, and bought the Z in July '10. Without living at my parents house for those 4 months while I was finally making money and had very limited bills, I would have not been able to buy the Z so quickly.

Z eliminator is going to be 57 this year.

In that case, I don't know many people of any age who do that. Most everyone makes payments, the well-off/more established people just get a 0% rate during a sale/promo and make payments for the sake of boosting the hell out of their credit rating and because it's free money that eliminates the factor that is inflation and gives them more purchasing power. In effect, reducing the price of the car by roughly 10% over 5 years (assuming it would have taken 5 years to come up with the money, 5% if only 2.5 years) because of the toll inflation takes on money sitting in a bank at 1-3%.

Financing stuff at low/0% is smart. Credit cards are smart. Let OTHER people's money work for you as well as yours.

If you can afford to go pay cash for a car (without trading one in, as that is not saving up for it) like a 370Z in less than 1 year's time. Well, I find it odd that you are buying a 370Z instead of something with a prancing horse on the side of it or a shield on the front. But hey, to each their own, and you might have those in the garage, too!

I have had an LOC for about 2.5 years now. I really wish I had gotten into building my credit younger as well. The 7.34% is on a 72mo loan, could have gotten 6.34% on a 5 year. Anyway, I was only a mid/upper 600's beacon, so I was in B-tier category. I plan on re-financing in a couple of years. You are 100% right, though, getting credit rolling when you are young is the way to go! You really need to help finance your highschool car/college car, so you have car credit. That is prime.

I bought a Z06, and not a 370Z, so I can't make tripple-payments or somehting like I could with the 370Z. I am shooting to re-finance in 2 years, and pay it off in 60mo.

I always wanted a Z06 or a Viper, so I got one. The difference in my notes at 7.34% vs. 4.25% (about the best you will find at 72mo regardless of who you are) is less than $100 a month the way I structured it (payment every 2 weeks), and quite frankly, that $90 or so a month isn't very important to me vs. the several years it would have taken to end up in the 720+ region, considering I wouldn't waste my money on another car, and didn't want a house, that climb would be infinitely SLOW.

For example, I paid my debt down from 100% to 50% debt/credit ratio, got a new credit card and used the hell out of it and paid it off several times a month, and took out and paid off a little $1000 loan. During the 6 months I did all this, my credit score went up...by 8 points. I need a car or a house on there to actually make any changes to it, and I don't want a house, and I already have a DD that's paid for. The fun-car was the only thing lacking in my life, and like I told my banker, anything other than the car I want, is just a waste of my money because I won't be happy with it.

I know many people who save to buy a car. It makes much more sense to do than paying interest rates. I understand the credit point you are trying to make but there are other ways to improve your credit, that will not cost you extra money such as interest charges, but as you mentioned, it will make your credit jump if you need it. In my area, there was no options to purchase these cars for 0% what so ever. I also looked at Porsche's, but the only ones i like are the higher models which would mean i would be making payments forever, and I just don't see the point in that myself. Id rather pay it off as quickly as possible and begin saving for the next big purchase down the road... it really all comes down to each individual and what they are capable of doing..

AGE Car

32 - 370z Base 2011 PW (keeping her till the wheels fall off)
31 - 370z Base 2010 BS (sold)
31 - 08 GSXR1000 Rizla (sold)
31 - 04 G35 2dr Coupe Brembo (sold)
31 - IS250 (sold)
30 - 04Dodge Dakota (sold and got it for free!!)
30 - 01 GSXR 600 (sold)
29 - 89 GMC Jimmy (sold)
24 -28 01Mistu Eclipse (sold)
23 - 01Integra LS (sold)
19 -22 94Camaro Z28 (sold)
16-17 94 Civic Hatch (sold)
15 - 84 Camaro Z28 (sold)
14 - 79 Toyota Corolla 4SPD (sold - my first car)

Started driving when I was 10, then had to drive a lot when I was 13 because my mother was sick at times...interesting looking back at this list here, I just realized I owned a lot of 2DR cars, the corolla, dakota and the jimmy were all 2dr, the only 4dr was the is250:driving:

I tried boosting my credit via cutting my credit/debt ratio, credit-card use/paying off, etc etc.

I gained a whopping 8 points in over half a year.

That just seemed slow to me, so I financed a car.

I understand your point. I just like to have the cash over the credit, but my credit isnt a problem so maybe my view would be different otherwise...

If I had $70K laying around, believe me, I would have paid cash instead. Sadly, at age 25, that wasn't something I had to spend much time pondering, lol!

lol understandable. I was saving for years and years for another sports car. Havent had one since my 97 GST Eclipse that i got rid of in 03. So Ive been saving and saving not really knowing when or what I wanted to buy. Then i stumbled across the 370z's and new i had to have one hahaha.

In the long run of things, its either car payments or house payments or some sort of payments your going to incur. lol

I understand, but you paid an average of roughly 3% "interest" on the money you were saving, while someone else paid 3.25% interest on a car they actually had. Inflation's a bitch. Finance! :tup:
Annual Inflation Chart

Haha well it all depends on your job. Me I'm a Welder/Production Tech for Unitied Launch Alliance. And have been doing it for almost 3 years, so saving that was not that big a deal. I even built a home in the same year. So thats my point is just cause people are young does not mean they cant afford or need their parents help buying a car while having to live at home. Because I did not need them to.