Who REALLY owns their Z???

11Thumper · 08-15-2011, 01:08 AM

Financed mine at 3.9%. Put something like $10k down. My S2000 is paid off and have been thinking to sell it for the extra cash. Personally, with this economy (and a mortgage) I would rather have the safety net. I have the $ in the bank to pay off the z now easily but it takes a while to build up a savings. I would probably blow that extra cash each month on alcohol and loose women anyway

PluckyPurcell · 08-15-2011, 06:53 AM

I decided instead of tying up more money in the car I would put half ($18K) down and financed the other half at 0.9% the dealer was offering. Payments are under $300/mo and I can earn more than 1% on the cash I have. Sometimes it doesn't pay to pay cash.

Vaughanabe13 · 08-15-2011, 10:55 AM

Final purchase price was 32K. I put 15K down and financed the rest at 3.75% for 48 months with my credit union. I will be paying off the loan in hopefully no more than two years and most likely less than that. I calculated it and it will cost me about 1.5K or a little more extra by financing in this time, but it's worth it for me to buy the car and enjoy now while I'm young (23) and without kids.

I am right out of college and I've only been working about a year. I don't have any debt and no student loans. My only credit really has been my credit card with a 1K limit, so while my credit score is very good, I really don't have any breadth or credit history to speak of. I decided it would be good to have this payment on my credit history for when I'm interested in houses. All in all I'm happy with the way things went down.

geosZ · 08-15-2011, 11:34 AM

I put nothing down and I pay 620 a month. I have the money but who knows what happens with this economy. If I see all going well I'll just pay the car off considering the payments are no problem for me and they are taken out auto every bi weekly (it's a payment option they take half the car payment every 2 weeks. Save some money and pays car off almost 6 months faster)

xjx · 08-15-2011, 12:33 PM

I paid cash. No payments for me.

EazyD · 08-15-2011, 01:03 PM

Quote:

Originally Posted by Guavazo

borrow 29k with 3.25 for 5 year in march, interestingly I have 800+ credit score with 7 years of credit history(25 years old), could not get any loan from the big bank due to not enough credit history, got a loan from credit union. plan to pay it off in 3 year.

almost literally same story here.

Bodytechz · 08-15-2011, 01:34 PM

Quote:

Originally Posted by xjx

I paid cash. No payments for me.

Same for me, don't owe a cent. It was my retirement gift to myself, dang wife wouldn't buy it for me geeez.

EazyD · 08-15-2011, 01:36 PM

Quote:

Originally Posted by Bodytechz

Same for me, don't owe a cent. It was my retirement gift to myself, dang wife wouldn't buy it for me geeezer.

FTFY

Vaughanabe13 · 08-15-2011, 01:37 PM

Quote:

Originally Posted by EazyD

almost literally same story here.

That's absolutely ridiculous that you guys can't get a loan with several years history and a great 800+ credit score. Unbelievable.

theDreamer · 08-15-2011, 01:41 PM

Quote:

Originally Posted by Vaughanabe13

That's absolutely ridiculous that you guys can't get a loan with several years history and a great 800+ credit score. Unbelievable.

After the market crash getting a loan was very difficult from big banks. Credit unions were the best bet for a quick low interest loan, but you must be a member and some require you be a member for X months before any loan can be filed.

11Thumper · 08-15-2011, 05:26 PM

Quote:

Originally Posted by Bodytechz

Same for me, don't owe a cent. It was my retirement gift to myself, dang wife wouldn't buy it for me geeez.

Did you give her the standard three options and let HER choose?

1. A sports car
2. A motorcycle
3. A mistress

nmjaxx9 · 08-15-2011, 05:32 PM

I might be the only one who fully financed my car, came out to 36k plus dealer taxes and fees, put around 500 down (only because I had too, dealer said) and the rest is financed for 72 months, @ 2.99 which was the lowest rate they could find any bank offering. Guess ill really "own" my Z when im around 27

emx620 · 08-15-2011, 06:00 PM

Quote:

Originally Posted by nmjaxx9

I might be the only one who fully financed my car, came out to 36k plus dealer taxes and fees, put around 500 down (only because I had too, dealer said) and the rest is financed for 72 months, @ 2.99 which was the lowest rate they could find any bank offering. Guess ill really "own" my Z when im around 27

I put $1,500 down, and got ~15% APR on a ~$33,000 loan, so the total loan amount would've been close to $50,000. Thankfully, CarMax gives you that 3 day shopping window and I was able to get 6% for 60 months

Deadman · 08-15-2011, 06:45 PM

I'm 25 put $12k down, financed around $24k @ 3.7%. However i pay 500-700$ month to pay it off early :P

gr8-wrx · 08-15-2011, 08:27 PM

I'm 40 and have no payments on my Z.

08-15-2011, 10:55 AM	#108 (permalink)
Vaughanabe13 Enthusiast Member Join Date: Jul 2011 Location: Iowa Posts: 387 Drives: 09 Nissan 370Z M6 Rep Power: 13	Final purchase price was 32K. I put 15K down and financed the rest at 3.75% for 48 months with my credit union. I will be paying off the loan in hopefully no more than two years and most likely less than that. I calculated it and it will cost me about 1.5K or a little more extra by financing in this time, but it's worth it for me to buy the car and enjoy now while I'm young (23) and without kids. I am right out of college and I've only been working about a year. I don't have any debt and no student loans. My only credit really has been my credit card with a 1K limit, so while my credit score is very good, I really don't have any breadth or credit history to speak of. I decided it would be good to have this payment on my credit history for when I'm interested in houses. All in all I'm happy with the way things went down. __________________ 2009 Nissan 370Z Touring, w/sport, 6MT, chicane yellow/black.

08-15-2011, 11:34 AM	#109 (permalink)
geosZ Track Member Join Date: Mar 2011 Location: queens ny Posts: 623 Drives: 2012 wrx Sti ice S. Rep Power: 15	I put nothing down and I pay 620 a month. I have the money but who knows what happens with this economy. If I see all going well I'll just pay the car off considering the payments are no problem for me and they are taken out auto every bi weekly (it's a payment option they take half the car payment every 2 weeks. Save some money and pays car off almost 6 months faster) __________________ ark cbe R.I.P.°berk test pipes°red injen cai°180 lights°eibach springs°spacers°pioneer navi/dvd°stillen splitter°carbonsignal fenders°xxr 527 wheels•momo Italy floor mats•weapon R 4 point Raceing harness. SOLD. NEW CAR 2012 Subaru Sti sedan ice silver.

08-15-2011, 08:27 PM	#120 (permalink)
gr8-wrx Track Member Join Date: Apr 2011 Location: Nor Cal Posts: 607 Drives: 10 370z Roadster 7AT Rep Power: 15	I'm 40 and have no payments on my Z. __________________ Me: 2022 Toyota Tacoma SR5 Double-Cab SB, 2023 Toyota Corolla Wifey: 2013 Toyota Highlander Limited AWD Weekends: 2010 Nissan 370z Roadster

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08-15-2011, 01:08 AM	#106 (permalink)
11Thumper Track Member Join Date: Mar 2011 Location: Bay Area, CA Posts: 754 Drives: '11 370Z, '01 S2k Rep Power: 17	Financed mine at 3.9%. Put something like $10k down. My S2000 is paid off and have been thinking to sell it for the extra cash. Personally, with this economy (and a mortgage) I would rather have the safety net. I have the $ in the bank to pay off the z now easily but it takes a while to build up a savings. I would probably blow that extra cash each month on alcohol and loose women anyway

08-15-2011, 06:53 AM	#107 (permalink)
PluckyPurcell Premium Member Join Date: Jun 2011 Location: 353018 811254 Posts: 72 Drives: '11 Z Roadster GM M6 Rep Power: 13	I decided instead of tying up more money in the car I would put half ($18K) down and financed the other half at 0.9% the dealer was offering. Payments are under $300/mo and I can earn more than 1% on the cash I have. Sometimes it doesn't pay to pay cash.

08-15-2011, 12:33 PM	#110 (permalink)
xjx Base Member Join Date: Jul 2011 Location: texas Posts: 31 Drives: 2011 nissan 370z, au Rep Power: 13	I paid cash. No payments for me.

08-15-2011, 05:32 PM	#117 (permalink)
nmjaxx9 A True Z Fanatic Join Date: Jul 2011 Location: Middletown, Ct Posts: 5,853 Drives: 2011 Nissan 370z Rep Power: 25	I might be the only one who fully financed my car, came out to 36k plus dealer taxes and fees, put around 500 down (only because I had too, dealer said) and the rest is financed for 72 months, @ 2.99 which was the lowest rate they could find any bank offering. Guess ill really "own" my Z when im around 27

08-15-2011, 06:45 PM	#119 (permalink)
Deadman Base Member Join Date: May 2011 Location: Ohio Posts: 177 Drives: 2011 370z Base+S 6MT Rep Power: 13	I'm 25 put $12k down, financed around $24k @ 3.7%. However i pay 500-700$ month to pay it off early :P