Who REALLY owns their Z???

11Thumper

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

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

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

emx620

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

TMAN1985

lol you sound like me, just not as much money.

Deadman

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

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

__________________
Me: 2022 Toyota Tacoma SR5 Double-Cab SB
Wifey: 2013 Toyota Highlander Limited AWD
Weekends: 2010 Nissan 370z Roadster

ImportConvert

Not me. I will be honest, if I could have paid for my Z in cash, I would have bought a GT2 or something and financed the difference. While interest rates are low and the economy is shaky, I think now is the time to take on debt as inflation will only help me.

Red__Zed

wat?

Show me a checking account making 4.25%

theDreamer

Yeah, the best you can do is a money market account at under 2% which most are at 1% today I believe.

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

b1adesofcha0s

I need to get me one of those!

Bought mine for $28k and paid $17k down. I'm 21 and still go to school while I work part time. Make enough money to pay for my car and all my other bills. Should have the Z paid off soon after I graduate and start working as a full time chemical engineer.

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Project: b1adeZmobile (2009 370Z) | Uprev Tune by AAM Competition | Berk Exhaust
Project: b1adeZmobile 2.0 (2014 C7 Z51) | Corsa Xtreme Exhaust

ImportConvert

All over the place where I live. Here's a link to just one:

4.25% FREE Checking Account Called Lagniappe Checking at Campus Federal Bank- Current Rates, News and Information about Checking Accounts | Go Banking Rates

Open up 2 accounts for a total of $50K at 4.25%. Easy as pie. Seems like half a dozen institutions around me offer it based on the signs I see going down the road passing in front of them.

No, the best part is how I'm right. 4.25% up to a balance of $25K. Bank's numbers, not mine. You mad? The south sucks in many ways, but in this way, it's beating the crap out of wherever you live, lol.

theDreamer

This great checking account rate offer is for locals only living in Louisiana.

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

ImportConvert

Where to Find the Best Savings Rates - SmartMoney.com

Look at the bottom, and I promise you that's not all the banks doing 4%+. Look around.

Different banks run different "promos". what they do is offer great rates to attract customers so that they can lend more. Find a bank with a shitty checking interest rate, and they are going to be more happy to issue you a loan. Find a bank with a great checking interest rate, and vice-versa. Back in 2010, for example, my googling reveals that there was a bank in TX that was open to all TX residents that offered over 4% up to $25K. Currently, they have dropped down to 2%. Did you get in on that? Why not?

Well never fear, I did your homework for you just to prove to you and others that if you look around you can put your money to work for you: http://www.banktexas.org/currentrates.htm

There you go. 3.25% up to $10K. Open and available to YOU! But you know what? You probably won't do it anyway, so I'm wasting my time other than to prove to you what you're pissing away in interest with low rates.

chknhawk

Check american express savings.. they also have competitive rates.

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shadow2k

Max Checking from LMCU is 4%...close enough
.
https://www.lmcu.org/max-checking/default.aspx

I have others, this one is just my favorite. You need to donate $5 to ALS of MI or something like that.

I make several thousand a year off interest from multiple HYCA's that are very similar to this particular one. I like to borrow money at low to no interest, and fund these accounts. While high yield SAVINGS accounts have basically vanished since the credit crunch, there are still plenty of high yield checking accounts around. They just require a little more work.

So do I own my Z? No, I guess not. I'd rather have a check for $125 each month. $37,500 x 4% = $1,500/yr. Divide that by 12. Then send me my check please. You can keep the car title...for now.