Nissan 370Z Forum

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-   -   Who REALLY owns their Z??? (http://www.the370z.com/nissan-370z-general-discussions/34302-who-really-owns-their-z.html)

tonybui 10-13-2012 06:03 PM

Quote:

Originally Posted by SolidRed370Z (Post 1960017)
Hahaha. I guess I need to find a better job, or a second job lol. I mean I get how the older guys paid cash (save over time), but I just dont see how you can be 22 and pay off a Z in cash. Unless you got it for a steal but I bought mine brand new and had to finance.

Me too, I still owe 13k on mine. FML


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wilsonp 10-14-2012 12:34 AM

Cash for what was left after trade on NSX :)

SolidRed370Z 10-14-2012 01:36 AM

Quote:

Originally Posted by tonybui (Post 1960083)
Me too, I still owe 13k on mine. FML


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I know how you feel. I still owe 30k on mine. (I just got it 2 months ago) lol.

Dasweb 10-14-2012 01:39 AM

Just picked up a 09 with 22k miles on it. Traded in my volvo. Financed 17 @ 2.7%

SolidRed370Z 10-14-2012 02:06 AM

Quote:

Originally Posted by Dasweb (Post 1960533)
Just picked up a 09 with 22k miles on it. Traded in my volvo. Financed 17 @ 2.7%

Congrats on the new Z! And welcome to the forum.

birdmanx1 10-14-2012 03:22 AM

Quote:

Originally Posted by SolidRed370Z (Post 1960017)
Hahaha. I guess I need to find a better job, or a second job lol. I mean I get how the older guys paid cash (save over time), but I just dont see how you can be 22 and pay off a Z in cash. Unless you got it for a steal but I bought mine brand new and had to finance.

Easy bro, you wait 2 years after college and job :tup:
Quote:

Originally Posted by SolidRed370Z (Post 1960532)
(I just got it 2 months ago) lol.

Congrats man :tup:

dthem370 10-14-2012 03:34 AM

Financed it when I was 21 years old and just paid it off like 3 months ago (24 years old).

king12sky 10-14-2012 04:40 AM

Quote:

Originally Posted by dthem370 (Post 1960565)
Financed it when I was 21 years old and just paid it off like 3 months ago (24 years old).

good job! paid my 535i in full and financed 10k on this Z to build up my credit.. i didnt have any credit line before.. lmao. 24yrs old too.

blackcherry20 10-14-2012 07:17 AM

Quote:

Originally Posted by dthem370 (Post 1960565)
Financed it when I was 21 years old and just paid it off like 3 months ago (24 years old).

^^^^persistence and focus and a little extra every month-This fella did it all right-follow his lead and financial freedom will also be yours.:tup:

onzedge 10-14-2012 07:20 AM

Quote:

Originally Posted by blackcherry20 (Post 1960605)
^^^^persistence and focus and a little extra every month-This fella did it all right-follow his lead and financial freedom will also be yours.:tup:

:iagree:

PharmDZ 10-14-2012 08:23 AM

May sound like excuses but I'm in no rush to pay mine off when it's financed at 0% for 60 months. Payments are 545/mo which is more than reasonable with the new job I have. Nice to see a lot of people not breaking their banks to afford it though! The 370z crowd always seemed like a more responsible one.

blackcherry20 10-14-2012 08:33 AM

Quote:

Originally Posted by PharmDZ (Post 1960635)
May sound like excuses but I'm in no rush to pay mine off when it's financed at 0% for 60 months. Payments are 545/mo which is more than reasonable with the new job I have. Nice to see a lot of people not breaking their banks to afford it though! The 370z crowd always seemed like a more responsible one.

:tup: me too...that is a sweet deal....free money!

MarkGideon 10-14-2012 09:33 AM

Quote:

Originally Posted by PharmDZ (Post 1960635)
May sound like excuses but I'm in no rush to pay mine off when it's financed at 0% for 60 months. Payments are 545/mo which is more than reasonable with the new job I have. Nice to see a lot of people not breaking their banks to afford it though! The 370z crowd always seemed like a more responsible one.

Same here. At 0% no reason for me not to not just use NMAC's money. I can understand paying it off early though if your rate on the loan is more than what your money can earn for you.

dmenges 10-14-2012 10:49 AM

0%
 
I could have paid for my 2012 Z with cash, but Nissan had a 0% financing package going and the dealer took $3k off the list price, so why hand out all that money at once?

kfull 10-14-2012 11:06 AM

0% all the way. I still put 9k down and got about 8k for my trade in. I owe 18k at the moment. Monthly payments are 349 dollars. I plan to pay off student loans first then just pay the minimum monthly for the Z. It's nice knowing I have the 0% financing so I don't feel like I have to cut any corners to save up and pay it off due to any apr.

birdmanx1 10-14-2012 11:21 AM

Quote:

Originally Posted by kfull (Post 1960756)
0% all the way. I still put 9k down and got about 8k for my trade in. I owe 18k at the moment. Monthly payments are 349 dollars. I plan to pay off student loans first then just pay the minimum monthly for the Z. It's nice knowing I have the 0% financing so I don't feel like I have to cut any corners to save up and pay it off due to any apr.

Student loans are tax deductible...

6MT 10-14-2012 11:56 AM

I paid cash for mine after it arrived from Japan.

Dasweb 10-14-2012 12:02 PM

Quote:

Originally Posted by SolidRed370Z (Post 1960546)
Congrats on the new Z! And welcome to the forum.

Thanks! :driving:

nmjaxx9 10-14-2012 01:48 PM

6 years financed half a G a month yeah its owned. :icon17:

6MT 10-14-2012 03:30 PM

Quote:

Originally Posted by birdmanx1 (Post 1960764)
Student loans are tax deductible...

Not above the 49th parallel they're not.

birdmanx1 10-14-2012 04:58 PM

Quote:

Originally Posted by 6MT (Post 1961083)
Not above the 49th parallel they're not.

LOL @ the 49th parallel, in the US the interests are :tup:

dnwarwas 10-14-2012 06:34 PM

Paid in full....still have student loan payments, however.

onzedge 10-14-2012 07:02 PM

Quote:

Originally Posted by birdmanx1 (Post 1960764)
Student loans are tax deductible...

Only the interest, not the principle, is deductibke.

gthausz 10-14-2012 07:02 PM

Mins is already paid off...

XiP 10-14-2012 11:12 PM

Paid 34k in full for mine

Rusty 10-15-2012 12:09 AM

Bought my 2011 Nismo used. 7,000 miles on it. Paid cash, $35,000. 56yrs old, widower, empty nester. :D

dweedlebug 10-15-2012 07:10 AM

Also bought my 2011 used about a year ago. 1,700 miles when it arrived to me, wired $33k cash.

Got a crazy deal from someone who just didn't like the car.

Was 36 when bought, married, no kids.

robones 10-15-2012 08:34 AM

Quote:

Originally Posted by dnwarwas (Post 1961300)
Paid in full....still have student loan payments, however.


Why didn't you put that money towards paying down/paying off your student loan debt instead of your car? Your car depreciates in value on a monthly/mileage basis. Its a bad investment compared to putting your money into your degree IMHO.


Although I financed 100% for 6 years, I own my car :) No one can tell me what to do or what not to do to my car. I can do whatever I want to it. So, yeah i think that makes it mine :ughdance: Also, I am not upside down and never will be :) with my scheduled payments. I plan to keep this car for a long time.

4r3s 10-15-2012 09:39 AM

paid the car off this past month woot!

aaalsadah 10-15-2012 10:07 AM

Bought my 09 Nismo With 1900 miles cash my last semester in college.

jcasti07 10-15-2012 12:00 PM

I'm proud to say that I financed mine... I bought my Nismo back in January and every time I submit a payment, it reminds me of the hard work and dedication that I put into this car. Can't wait to own her for good!

nmjaxx9 10-15-2012 12:40 PM

Quote:

Originally Posted by jcasti07 (Post 1962620)
I'm proud to say that I financed mine... I bought my Nismo back in January and every time I submit a payment, it reminds me of the hard work and dedication that I put into this car. Can't wait to own her for good!

Yeah nothing like hard work paying off, or paying off hard work. :bowrofl:

blackcherry20 10-15-2012 07:21 PM

Quote:

Originally Posted by 4r3s (Post 1962325)
paid the car off this past month woot!

:woot: :happydance:

DEpointfive0 10-15-2012 07:44 PM

I financed mine to build up my credit, first car took me from non existent to 750 in a year... Put $11k down, pay $430 a month, 4.9% interest, not great, but it's ok because my credit score didn't hold it's weight because it was all because of car payments which isn't a house and isn't revolving credit like a credit card...

(But I do have all the money to pay the car off in my savings account)

Gauge 10-16-2012 09:27 AM

Got my entire car financed with around 3% interest. It's a 60 month loan so about 800 bucks a month. I got gap insurance through my bank as well in the unlikely event that I wreck in the price gap.

The amazing part is the insurance. I'm only paying like 600 bucks a year for 2 cars, one being my 370Z.

speedracer007 10-16-2012 11:58 AM

Paid full in CA$H.

Of course I had to play the "I don't know if I can afford this -- it is a really expensive car" when negotiating.

And then when we agreed on price, he asked me how many years I would like to finance for and I said "I will write a check". The look on his face -- priceless!! :tup:

kidkotic2001 10-16-2012 12:01 PM

almost paid (NNNOOOOOTTTT!
 
I paid for my 09 in cash but my 2012

32k
minus 15k down
17 financed at 2.0%

Will pay it off by mid next year.

kidkotic2001 10-16-2012 12:06 PM

I am not upside down at all.

forza370z 10-16-2012 12:07 PM

It'd be nice if this thread has a poll. I lost my count on "Who REALLY owns their z". Lol. But yeah I paid full in cash too.

birdmanx1 05-14-2013 12:35 PM

Quote:

Originally Posted by speedracer007 (Post 1964651)
Paid full in CA$H.

Of course I had to play the "I don't know if I can afford this -- it is a really expensive car" when negotiating.

And then when we agreed on price, he asked me how many years I would like to finance for and I said "I will write a check". The look on his face -- priceless!! :tup:

http://mightymarika.files.wordpress....eland-copy.jpg

:icon17:


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