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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
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10-10-2010, 08:54 AM
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#11 (permalink) | |
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A True Z Fanatic
Join Date: Jun 2010
Location: SWMO
Posts: 4,454
Drives: 2019 CX5 GT Reserve
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Quote:
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. |
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