Who REALLY owns their Z???

KERMIT

What I don't understand is why people who have paid off their cars talk about others who are upside down on their car loan... It doesn't matter, everyone lost the same amount regardless of when they paid for it...

Guy 1: gets 370z pays $35000 cash. 3 years later, it's worth $12000. Net loss = $23k

Guy 2 gets 370z 0 down gets 5 yr loan for 35000. 3 years later, it's worth $12000. Is "upside down on his loan" and owes $2000 more than its worth. In the meantime, 35000 was invested and made 8% per year. Original investment is now worth $44k (net gain of $9k). He paid 21k in payments over the 3 year period, still owes $2k... Net loss $16k!

So, the fact that people are upside down is completely arbitrary. Everyone loses the same amount in depreciation. What matters is if you made your money work for you in the meantime.

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Steering wheel with Z emblem, keyless entry, 3.7L with dual overhead cams, am/fm radio, ABS brakes, windshield, air in tires