Who REALLY owns their Z???

Forrest · 04-06-2011, 03:26 PM

Paid in cash. Finance guy was being a jerk on the APR so I just said cash then. His eyes bugged a little then made the off handed remark of "It must be nice".

OldGuy · 04-06-2011, 03:58 PM

Paid cash for mine. Wouldn't have bought it otherwise.
Interesting question is how many of those who financed are upside down.

Red__Zed · 04-06-2011, 04:01 PM

Quote:

Originally Posted by OldGuy

Paid cash for mine. Wouldn't have bought it otherwise.
Interesting question is how many of those who financed are upside down.

I'm sure a lot. These cars didn't hold their value nearly as well as you'd expect

ImportConvert · 04-07-2011, 12:17 AM

Quote:

Originally Posted by OldGuy

Paid cash for mine. Wouldn't have bought it otherwise.
Interesting question is how many of those who financed are upside down.

This is why GAP and free new car replacement (total the car within 3 years and they buy you a brand new one) are a "must" for me on my insurance policy. Also got GAP through my financing agency incase, God forbid, something with the insurance company goes wrong somehow.

I had a teacher in high school who's son had a new (then) '03 Cobra, and the insurance lapsed on Friday, he was going to re-up his policy on Monday. Car was hit Saturday (hit/run). Luckily, only $1200 or so in damage, but it's a good lesson. GAP, GAP, and more GAP, if you are anywhere near even/upside down. Even if not. GAP. It's cheap.

FL 4Motion · 04-07-2011, 12:32 AM

Quote:

Originally Posted by Shamu

Put $10 K down and financed the rest as I like flexibility with my money. I have some much higher returns with my liquid assets than my very low interest rate.. No need to tie them up in the car.

Quote:

Originally Posted by ImportConvert

This is why GAP and free new car replacement (total the car within 3 years and they buy you a brand new one) are a "must" for me on my insurance policy. Also got GAP through my financing agency incase, God forbid, something with the insurance company goes wrong somehow.

I had a teacher in high school who's son had a new (then) '03 Cobra, and the insurance lapsed on Friday, he was going to re-up his policy on Monday. Car was hit Saturday (hit/run). Luckily, only $1200 or so in damage, but it's a good lesson. GAP, GAP, and more GAP, if you are anywhere near even/upside down. Even if not. GAP. It's cheap.

/\ +1 to both these gents replies.

destinyZ · 04-07-2011, 03:23 AM

lol, i feel broke with all these ppl throwin cash at the dealers like they grow it in their back yard.

Im not upside down at all...and its no where near paid off. Somewhere in the middle.

for those who are upside down, you need to fix that ASAP. it is not a good position to be in at all.

ImportConvert · 04-07-2011, 03:43 AM

Quote:

Originally Posted by destinyZ

lol, i feel broke with all these ppl throwin cash at the dealers like they grow it in their back yard.

Im not upside down at all...and its no where near paid off. Somewhere in the middle.

for those who are upside down, you need to fix that ASAP. it is not a good position to be in at all.

It's not a bad one either, really, if you like the car and plan on keeping it and were smart enough to get GAP for it.

The money was obviously less important to the purchaser than the joy of owning the car. What someone else thinks the car is worth should not have any bearing on issues unless the owner decides they don't like the car anymore, or were stupid/ignorant and didn't buy GAP and get in a wreck.

destinyZ · 04-07-2011, 04:03 AM

Quote:

Originally Posted by ImportConvert

It's not a bad one either, really, if you like the car and plan on keeping it and were smart enough to get GAP for it.

The money was obviously less important to the purchaser than the joy of owning the car. What someone else thinks the car is worth should not have any bearing on issues unless the owner decides they don't like the car anymore, or were stupid/ignorant and didn't buy GAP and get in a wreck.

Yes for GAP!

I see what your saying, i personally wont do it again.

I had it for my last car and i have it for the Z. My last car was hit by someone doing something really stupid and GAP didnt cover outside the U.S. even though im in a U.S. territory...sucks for me right. Its all good, free up my credit to purchase this car because I was upside down on the last car. NEVER will i do that again, roll over on a trade in is a BI@H.

kidkotic2001 · 10-16-2012, 12:06 PM

I am not upside down at all.

04-06-2011, 03:26 PM	#1 (permalink)
Forrest Track Member Join Date: Mar 2009 Location: california 707! Posts: 677 Drives: 09 370z Blk 6mt sprt Rep Power: 259	Paid in cash. Finance guy was being a jerk on the APR so I just said cash then. His eyes bugged a little then made the off handed remark of "It must be nice". Nism0 likes this. __________________ my pictures http://www.the370z.com/members/forrest-albums-370z.html

04-07-2011, 03:23 AM	#6 (permalink)
destinyZ Enthusiast Member Join Date: Apr 2010 Location: Guam, USA Age: 36 Posts: 415 Drives: FROM INDIANA Rep Power: 16	lol, i feel broke with all these ppl throwin cash at the dealers like they grow it in their back yard. Im not upside down at all...and its no where near paid off. Somewhere in the middle. for those who are upside down, you need to fix that ASAP. it is not a good position to be in at all. Last edited by destinyZ; 04-07-2011 at 03:34 AM.

10-16-2012, 12:06 PM	#9 (permalink)
kidkotic2001 Track Member Join Date: Feb 2011 Location: El Paso, TX Posts: 541 Drives: Like Crazy Rep Power: 16	I am not upside down at all. __________________ ThAt WaS a CrAzY nIgHt

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04-06-2011, 03:58 PM	#2 (permalink)
OldGuy Base Member Join Date: Dec 2009 Location: Greensburg PA Posts: 899 Drives: '09370Z Red Base A7 Rep Power: 17	Paid cash for mine. Wouldn't have bought it otherwise. Interesting question is how many of those who financed are upside down.