Who REALLY owns their Z???

MJB · 05-14-2013, 08:27 PM

I owe about 5k left on it. Bought it in Oct 2011. 4 year loan at 330/month. I've been making double payments when I can. Should have it paid off sometime this fall.

cipherul · 05-14-2013, 11:54 PM

Paid cash. Not rich, just had some money. Not the best thing to do if you're trying to build credit which I could use right now. 29 yrs. old.

CVRZ34 · 05-14-2013, 11:54 PM

Bought end of March. Paid it off today.

Daflabear · 05-15-2013, 01:00 AM

My 2013 370Z Touring Coupe was paid for in cash, on January 16th!

Niche79 · 05-15-2013, 01:36 AM

Making payments, owe about 21k. Might toss more on the payments as we go but for now its just on auto draw at 2.9%.

ocfoilist · 05-15-2013, 02:36 AM

Just paid it off this month - now I can divert the payment towards my newborn's college fund...

Nailzs · 05-15-2013, 05:33 AM

Put cash down and Social Security is gonna pay the rest. Sometimes it good to be old

onzedge · 05-15-2013, 05:47 AM

Quote:

Originally Posted by Nailzs

Put cash down and Social Security is gonna pay the rest. Sometimes it good to be old

Infidel · 05-15-2013, 05:59 AM

$36,400 OTD
$17K down
2.9% for 72 months
Paying extra every month

birdmanx1 · 05-15-2013, 07:09 AM

Quote:

Originally Posted by zeeder

Mine is financed at 2.9% for 72 months and I'm about to make my first payment in a few days...lol. It's going to be a long, but hopefully extremely enjoyable, six years! That said, the plan is to keep it for 10+ years though no one knows what the future holds.

Not to knock on you brother, I tend to cringe when I read about 5+ year repayments. By the time you get interests on the 6 yrs and whatever value the car would have remaining should you decide to sell ...

Quote:

Originally Posted by ocfoilist

Just paid it off this month - now I can divert the payment towards my newborn's college fund...

Congrats on the newborn and on such awesome plan. Nothing like knowing there won't any worries about how to cover college for the kid when comes the time.

Are you doing 529? I am staying away from it and doing with something else.

JARblue · 05-15-2013, 07:17 AM

Quote:

Originally Posted by birdmanx1

Not to knock on you brother, I tend to cringe when I read about 5+ year repayments. By the time you get interests on the 6 yrs and whatever value the car would have remaining should you decide to sell ...

On our new 2011, we actually did a 7 year loan to get the payments below $400/month. But because of some extra work I do on the side, I usually get a couple of large checks each year, so I put a large chunk of each towards the car whenever we get them. We'll have it paid off in less than 5 years, or maybe even 4 years. Btw, I had to negotiate pretty hard with the bank to ensure that paying the loan off early would not result in a penalty (because they don't get all their interest - the loan is not through Nissan). This way, for me, it is like I put down an additional $10K at the initial purchase, but instead it is lumped into the loan and I don't have to pay interest on it if I pay it off the car early enough

birdmanx1 · 05-15-2013, 07:55 AM

Great deal man, whichever process works for you to get out of it early

JARblue · 05-15-2013, 09:52 AM

Quote:

Originally Posted by birdmanx1

Great deal man, whichever process works for you to get out of it early

That's the goal

ChrisDorgan · 05-15-2013, 10:23 AM

I put my BMW diesel 3 series in as deposit for £9000 and am paying mine of monthly for 3 years. Hello by the way everyone, I'm Chris - 27 - UK & really enjoying the 370z, the clunky sounding gear box took a bit of getting used to and so did the road noise, but nothing makes you smile more than that low burble just before you give it beans on your way to work haha. Bought mine in April

zeeder · 05-15-2013, 10:26 AM

Quote:

Originally Posted by birdmanx1

Not to knock on you brother, I tend to cringe when I read about 5+ year repayments. By the time you get interests on the 6 yrs and whatever value the car would have remaining should you decide to sell ...

I definitely understand where you're coming from and I agree with you. I've consoled myself with the fact that it's only at 2.9% APR and the total interest over the six years will be less than 10% of the total cost of the car.

05-14-2013, 08:27 PM	#256 (permalink)
MJB A True Z Fanatic Join Date: Aug 2011 Location: Tacoma, WA Age: 40 Posts: 1,498 Drives: a POS truck Rep Power: 495	I owe about 5k left on it. Bought it in Oct 2011. 4 year loan at 330/month. I've been making double payments when I can. Should have it paid off sometime this fall. __________________ 09 Nismo #0483 sold. Viper or C7 next time around.

05-14-2013, 11:54 PM	#258 (permalink)
CVRZ34 Base Member Join Date: Mar 2013 Location: Cocoa Beach, FL Age: 32 Posts: 13 Drives: '13 370z MR Sprt Rep Power: 12	Bought end of March. Paid it off today. wheee! likes this.

05-15-2013, 01:00 AM	#259 (permalink)
Daflabear Base Member Join Date: Jan 2013 Location: Port Saint Lucie Posts: 6 Drives: 13 370z touring Rep Power: 12	My 2013 370Z Touring Coupe was paid for in cash, on January 16th! __________________ [SIGPIC]

05-15-2013, 01:36 AM	#260 (permalink)
Niche79 Track Member Join Date: Jan 2010 Location: Kissimmee, FL Posts: 900 Drives: '09 SR Tour/Sprt/Nav Rep Power: 36	Making payments, owe about 21k. Might toss more on the payments as we go but for now its just on auto draw at 2.9%. 2xtreme1 likes this. __________________ 2009 370z Solid Red Touring/Sport/Navigation/Illuminated sills/LED interior lights Red/LED plate lights White/ Evo R fog light in Red/Stillen G3 intakes/ Fast Intentions Exhaust with 18" Resonators/ Rays Gramlights 57fxx/ Swift Springs/ Fast Intentions Resonated Test Pipes. NST SUCKS DONT ORDER

05-15-2013, 02:36 AM	#261 (permalink)
ocfoilist Base Member Join Date: Apr 2009 Location: Orange County, CA Posts: 202 Drives: 09 Blue 6m 370zT/S/N Rep Power: 16	Just paid it off this month - now I can divert the payment towards my newborn's college fund... birdmanx1 likes this. __________________ Proud owner of a new 167.2 inch, 3278 lb baby Z! Stillen CBE & G3 Intake // Stillen Lightweight pulley // Stillen Oil Cooler // Goodridge Braided Stainless Steel Brake Lines // ACT HDSS Clutch& Alum Flywheel

05-14-2013, 11:54 PM	#257 (permalink)
cipherul Base Member Join Date: May 2013 Location: Atlanta, GA Posts: 9 Drives: 2010 370z Nismo Rep Power: 12	Paid cash. Not rich, just had some money. Not the best thing to do if you're trying to build credit which I could use right now. 29 yrs. old.

05-15-2013, 05:33 AM	#262 (permalink)
Nailzs Enthusiast Member Join Date: Aug 2012 Location: Florida Posts: 395 Drives: 13 370Z 7at Sp Tour Rep Power: 12	Put cash down and Social Security is gonna pay the rest. Sometimes it good to be old jlo370z and fonzo179 like this.

05-15-2013, 05:59 AM	#264 (permalink)
Infidel Enthusiast Member Join Date: Mar 2013 Location: Central Florida Posts: 457 Drives: 2013 GM 6MT Rep Power: 14	$36,400 OTD $17K down 2.9% for 72 months Paying extra every month

05-15-2013, 07:55 AM	#267 (permalink)
birdmanx1 A True Z Fanatic Join Date: Jun 2010 Location: Baltimore, MD Age: 95 Posts: 3,175 Drives: 370z Nismo Rep Power: 23	Great deal man, whichever process works for you to get out of it early __________________ 370Z NISMO #0462 \| ClearBra \| 3M tint \| Head/Taillights \| Dynamat \| Black Roof \| Tommy Kaira HB \| CF Parts \| Berk HFCs \| FI SS \| NST Pulleys \| Takeda aFe \| K&N \| H&R Spacers \| Swift Spec R \| SPC F&R \| Zuperman M370 Nismo Vid \| Nismo Journal \| Nismo Rumble

05-15-2013, 10:23 AM	#269 (permalink)
ChrisDorgan Base Member Join Date: Apr 2013 Location: Liverpool Posts: 10 Drives: 2012 370z Silver MT Rep Power: 12	I put my BMW diesel 3 series in as deposit for £9000 and am paying mine of monthly for 3 years. Hello by the way everyone, I'm Chris - 27 - UK & really enjoying the 370z, the clunky sounding gear box took a bit of getting used to and so did the road noise, but nothing makes you smile more than that low burble just before you give it beans on your way to work haha. Bought mine in April

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