Who REALLY owns their Z???

Sibze

Show me 4.25% in a chqing acct. I'd be all over that and I don't even live in the US

Nick911sc

4.25%? Sounds like one of those Nigerian Scams on craigslist

Sibze

I got one of those yesterday. A really nice lady was offering me $120,000,000 because God led her to me.

So nice

Red__Zed

The best part is the way he picks specific numbers to add credibility. It's not 4%, it's 4.25483827377938262$2%.

A quick survey of local banks shows current rates between .85 and 1 percent for amounts between 10k and 50k.

lazywolfe

I wouldn't have paid cash for mine even if I had it all at the time.

nabenson

Mine is paid for. Bought October last year, paid off last month.

I didn't pay cash, but put a large amount down (like 40%) and financed the rest. I then paid large bulk sums every other month. In the end I get to keep the cash in the bank just in case, but pay the car off so fast that I pay very, very little in interest.

Once I paid off my first financed car I've been doing this and it works out pretty well. Benefits of both sides, no real penalties.

Red__Zed

Don't generalize government-subsidized interest rates that aren't applicable to anyone outside of the immediate area

And yes, the south beats the **** out of where I live... In Alabama.

ImportConvert

I feel for you

Was looking at VA on your profile. I consider the South to be any state touching the southern coastline to the east of and including Texas.

I bet I could find a bank you could join in Alabama that would give 3% or higher, but I've reached my quota for free financial hand-outs today with my response to Dreamer.

Red__Zed

Great, well here's an example of a southern state that doesn't have any decent interest rates....at least from your site.



There are some available to guys on the arsenal (that don't come up online), but none to an average guy.

nmjaxx9

theDreamer

Free financial adivce? Sorry but that is pretty 'meh' advice.
Did some digging on the sources used to find those 4.00% rates, there might be a bank in a state that will offer it, but they also require you meet certain requirements. Nothing major for certain people, but not everyone can meet the requirements hurting the chance even more. Honestly getting the 4.00% rate seems more of a gimmick to get you into their bank and then they bottom out the rate in 6 months.

__________________
theDreamer's Z // Fast Intentions // Uprev // GTM // HKS // TEIN
theDreamer's Silvia // URAS // GREDDY
Houston Zs // Facebook // Twitter // Instagram

ImportConvert

Very possible, and then you pull your $$ right back out like a day-trader and find the next pump-dump. I enjoy making my bank pay me, it's pay-back for how much of a hassle they can be at times. Right now I'm getting 2% cash-back on my CC purchases and always pay it off so 0 interest goes to them.

Want a refund on my advice? I'll give you twice what you paid me for it.

bullitt5897

I financed about $30k when I bought it and then paid it off within a year... Then invested countless $$$ into the car lol

__________________
Shop Cars: 2013 318whp Nismo VspecII 370z *SOLD*, 2009 1000hp+ 93oct 4.0L TT 370z Fast Intentions STAGE 4 #054

Fastfatdude

interest rates now in Singapore is low for car financing. its about 1.88%/annum.

with inflation goin at abt 5%, even if you did have money to buy the car outright, it actually makes more sense to borrow and reinvest the spare cash somewhere else...

__________________

gurneyeagle

Sorry, I disagree with that. Paying cash is the safest way to go. Unless you have an insured account that can beat the interest rate of the borrowed money. Even then, things can happen; i.e. layoff, family crisis, etc. that suddenly requires a commitment of your cash.

I know that may seem counter-intuitive for many, but after 30 years out of college and being debt free for the past ten years, I can attest to the idea of "living within your means". A lesson sorely lost in our society today.

That's not to pass judgement on how anyone leads their lives, and I truly acknowledge that you have every right to do what you want within reason, but I'm a CPA with an MBA and I can attest to the notion that "sh1t happens", and you never know when.

That little sermon will do nothing but to piss a lot of people off, so sorry.

Lecture over!

That being said, I've got cash burning a hole in my bank account waiting to be exchanged for a new Z. I'll know by this weekend whether the search may extend into the Spring after bonus time.

Wish me luck.