Am I too old for a Z

TreeSemdyZee · 10-09-2010, 10:43 AM

Quote:

Originally Posted by esfourteen

aww sounds like someones a bit bitter that they couldn't afford a nice car until they were too old to really enjoy it. (no I have no idea about your financial situation or your physical well being, I just like making blatant assumptions about you)

I tend to be blatant, so thank you.

I just tend to think that "being able to afford" and "being able to finance" have gotten confused.

ThoriumHotdog · 10-09-2010, 10:50 AM

Quote:

Originally Posted by TreeSemdyZee

I tend to be blatant, so thank you.

I just tend to think that "being able to afford" and "being able to finance" have gotten confused.

I wont disagree with that statement.

Still, like another guy said, we've got to live our lives. Might as well enjoy what you can when you can and not regret missing out on things.

Jeffblue · 10-09-2010, 10:52 AM

Quote:

Originally Posted by TreeSemdyZee

I tend to be blatant, so thank you.

I just tend to think that "being able to afford" and "being able to finance" have gotten confused.

I agree with what you're saying. Anyone with decent credit willing to take on huge monthly payments for 7 years can get into almost any car. Some of these loan terms are almost in mortgage territory. but I'm 22, i put 30k down on my 370z. 17 of which were from the sale of my altima. I think that's affording, not financing.

its wrong to generalize that an older guy shouldn't be driving a japanese sports car because they are for 'kids,' and its wrong to generalize that if a kid is driving a nice car that he's in huge debt or his parents bought it for him. Obviously, there are limits to these things. My detailer had an 18 year old kid bring in his 911 GT3. OBVIOUSLY his dad bought that (which is the truth). and on the other end, if some older guy is driving a corolla, yo don't know if thats his train station car or if thats just all he's got.

VaGntlmn · 10-09-2010, 10:58 AM

I just got my Z a couple of months ago, and I turn 50 in a couple of months.
Hell no, you're not too old!!

Jeffblue · 10-09-2010, 11:01 AM

Quote:

Originally Posted by WDRead

I just got my Z a couple of months ago, and I turn 50 in a couple of months.
Hell no, you're not too old!!

i love to see older folks in FUN cars. Damn, i'm sick of seeing all these older folks driving around in caddy's, lincolns, mercs, bmw. Who cares if someone's gona say its a mid life crisis mobile, or not age appropriate. yes, it would be funny if a 57 year old had an underglow kit on a civic, but thats funny no matter who you are/how old you are.

zlance · 10-09-2010, 11:16 AM

I bought my Z in March of this year @ 52 years old. I turn 53 in 2 weeks. Love my Z - DO IT!

Once in a while its kind of difficult getting in and out - due to a bad knee and also a bad ankle from my motorcycle accident, but its doable.

Its an awesome car.

TreeSemdyZee · 10-09-2010, 11:19 AM

Quote:

Originally Posted by Jeffblue

I agree with what you're saying. Anyone with decent credit willing to take on huge monthly payments for 7 years can get into almost any car. Some of these loan terms are almost in mortgage territory. but I'm 22, i put 30k down on my 370z. 17 of which were from the sale of my altima. I think that's affording, not financing.

its wrong to generalize that an older guy shouldn't be driving a japanese sports car because they are for 'kids,' and its wrong to generalize that if a kid is driving a nice car that he's in huge debt or his parents bought it for him. Obviously, there are limits to these things. My detailer had an 18 year old kid bring in his 911 GT3. OBVIOUSLY his dad bought that (which is the truth). and on the other end, if some older guy is driving a corolla, yo don't know if thats his train station car or if thats just all he's got.

I agree with you on all that you said here. You're

definitely an example of "affording".

ImportConvert · 10-09-2010, 05:04 PM

Quote:

Originally Posted by TreeSemdyZee

I tend to be blatant, so thank you.

I just tend to think that "being able to afford" and "being able to finance" have gotten confused.

Afford=pay cash.
Finance=downpayment.

Financing is cheaper, when you weigh interest-rates against deflation and how long it would take to save $40K. With the low APR's you can get, why throw money away saving it and fighting inflation? Not only that, but you delay a cheaper gratification in favor of a more expensive one.

Red__Zed · 10-09-2010, 10:08 PM

Quote:

Originally Posted by ImportConvert

Afford=pay cash.
Finance=downpayment.

Financing is cheaper, when you weigh interest-rates against deflation and how long it would take to save $40K. With the low APR's you can get, why throw money away saving it and fighting inflation? Not only that, but you delay a cheaper gratification in favor of a more expensive one.

Most interest rates right now won't beat inflation....if you you like 2%, maybe...

I think it's ok to finance, but putting down like 3-5k on a 40,000 dollar car is not enough...

I personally pay cash for everything I buy, but I'm kinda weird like that.

skydvr · 10-09-2010, 11:35 PM

Go for it. I'm 55, last summer I sold my pristine Porsche 911 Targa that I owned for the last 8 years and bought a 370Z Nismo. I couldn't be happier I love everything about the Z.

Jeffblue · 10-10-2010, 08:46 AM

Quote:

Originally Posted by DanGizinski

Most interest rates right now won't beat inflation....if you you like 2%, maybe...

I think it's ok to finance, but putting down like 3-5k on a 40,000 dollar car is not enough...

I personally pay cash for everything I buy, but I'm kinda weird like that.

interest rates are so low, that unless you would otherwise have the cash you would put into your Z wisely invested (and lets face it a lot of people are just staying in cash right now because of the volatility in the market), you're not going to be earning much on it. The idea of holding onto the cash and eaerning <1% on it in a savings account and taking on a loan for 4%-5%+ doesn't seem to make financial sense.

ImportConvert · 10-10-2010, 08:54 AM

Quote:

Originally Posted by DanGizinski

Most interest rates right now won't beat inflation....if you you like 2%, maybe...

I think it's ok to finance, but putting down like 3-5k on a 40,000 dollar car is not enough...

I personally pay cash for everything I buy, but I'm kinda weird like that.

I think 20% down including TTL on invoice price is good to go. My bank agrees. I wish I could afford to buy stuff all cash, but I am 24 and not established in life. I would rather get hosed for $5-8K on interest financing my car and then have bullet credit from making consistant payments for 72mo so that when I buy a house I am looking at a much larger savings because I bit the bullet on the car payment, soaked up the 5-8K interest, and got a GREAT APR on the house/land because of it.

Further, if I bite the bullet on a new Z06, pay it off, by then the C7 Z06 will be otu for 2-3 years and be refined, and I can trade in the C6, and walk out with a 20-30K note on the C7Z. I end up paying peanuts for a car-note on a C7Z, finance for a short period of time, wash, rinse, repeat until I am down to trading in every 2 years and not hurting myself at all hardly with something like a $2-300 note on it each time.

It's getting STARTED in life that is so expensive.

10-09-2010, 10:58 AM	#4 (permalink)
VaGntlmn Enthusiast Member Join Date: May 2010 Location: Centreville, Va Age: 65 Posts: 378 Drives: '10 Tour/Sport, 6MT Rep Power: 17	I just got my Z a couple of months ago, and I turn 50 in a couple of months. Hell no, you're not too old!! __________________ Bill 2010 370z; Tour/Sport; 6mt; BlackCherry/Grey; 318 rwhp; 265 lbs rwtq. To view a list of my mods, click here; To view a photo journal of the mods, click here.

10-09-2010, 11:35 PM	#10 (permalink)
skydvr Base Member Join Date: Apr 2009 Location: Yuma, AZ Posts: 66 Drives: 370Z Nismo PG #0020 Rep Power: 18	Never 2 old Go for it. I'm 55, last summer I sold my pristine Porsche 911 Targa that I owned for the last 8 years and bought a 370Z Nismo. I couldn't be happier I love everything about the Z.

10-09-2010, 11:16 AM	#6 (permalink)
zlance Base Member Join Date: Sep 2009 Location: Fort Myers, FL Posts: 10 Drives: 2010 370Z PW AT Sprt Rep Power: 17	I bought my Z in March of this year @ 52 years old. I turn 53 in 2 weeks. Love my Z - DO IT! Once in a while its kind of difficult getting in and out - due to a bad knee and also a bad ankle from my motorcycle accident, but its doable. Its an awesome car.