Who REALLY owns their Z???

wilsonp

But over five years you had to spend $621.16 a month to make $2385.58, or about $40/month.

I'd rather have the $621.16 a month.

If you put the $35000 in a savings account at 2.5% (where can I get one?) and withdrew the $621.16 a month to pay the loan, I don't think you'd be making as much - would you even be ahead?

Added:
While I haven't use the 12C in a while (or ever, I was a TVM on the 41CX person), it looks to me like you'd have made 0.15 in your savings account at the end of five years.

If I save the $621.16 over the next five years, I end up with the same net worth, but with the flexibility of spending on something else some month's if necessary (tires?). Along the way, I bet my net worth is simlar as well.

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2014 Cayman S PDK Sport Chrono White/Black
Was 2009 370Z Touring Sport+Nav 7AT Metallic Black/Persimmon
Was 1991 NSX Auto Black/Black

Nitex

I feel the flames coming already!

My heart exists in my right foot. 0 down, rolled in 10k of my audi... $800 a month payment. 30k base price +10k from my audi, 40k loan... Purchased the car at 29 years old. Good thing I'm an aerospace engineer, i pay around $2000 per payment per month. I always have cash for a down, but i was more interested in getting mods going

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2013 Drivers ED GTI | Stage 2 Unitronic

Red__Zed

brucelidat

Bought it sooner than I expected so didn't have all the funds available in checking. I do plan to pay it off in the first 3 months though. Financed 18k, going to do 6k each payment to get it don't and not waste money on interest.

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.

11Thumper

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

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.

EazyD

almost literally same story here.

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Pearl White 2010 370Z Sport, Stillen CBE, tint, K&N drop-in filters, GT-R start button, Kenwood DNX-6980 with backup cam, LED bulbs, Raceseng shift knob.

Vaughanabe13

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

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2009 Nissan 370Z Touring, w/sport, 6MT, chicane yellow/black.

theDreamer

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.

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Vaughanabe13

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.

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2009 Nissan 370Z Touring, w/sport, 6MT, chicane yellow/black.

geosZ

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)

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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.

xjx

I paid cash. No payments for me.

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.

EazyD

FTFY

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Pearl White 2010 370Z Sport, Stillen CBE, tint, K&N drop-in filters, GT-R start button, Kenwood DNX-6980 with backup cam, LED bulbs, Raceseng shift knob.