Why is this happening so much? (people selling their Zs)

somatic · 01-28-2012, 07:50 PM

This topic suddenly shows up every few months

Waiz · 01-28-2012, 08:02 PM

Quote:

Originally Posted by somatic

This topic suddenly shows up every few months

m4a1mustang · 01-28-2012, 07:50 PM

Opinions are like @ssholes...

onzedge · 01-28-2012, 09:25 PM

Quote:

Originally Posted by m4a1mustang

Opinions are like @ssholes...

Everyone has one, they are all different and they all stink except for mine.

PapoZalsa · 01-28-2012, 09:29 PM

Quote:

Originally Posted by m4a1mustang

Opinions are like @ssholes...

Everybody has one

Three7D · 01-28-2012, 08:15 PM

You can't point your finger and say "this is the reason why" there's way too many factors. I see more used camaros on car lots than civics! When the 370 came out I knew I'd never own one and completly wrote it off. Now I'll prolly have it for it's entire life!

cc370z · 01-28-2012, 08:38 PM

Topically when you buy a new car it takes about 2.5-3 years of payments to get out from under the negative equity. I know my payoff is now below ACV (actual cash value). May will be 3 yrs for me.

m4a1mustang · 01-28-2012, 08:43 PM

Quote:

Originally Posted by cc370z

Topically when you buy a new car it takes about 2.5-3 years of payments to get out from under the negative equity. I know my payoff is now below ACV (actual cash value). May will be 3 yrs for me.

I thought most people put enough cash down such that they'd never be underwater on their loans?

cc370z · 01-28-2012, 09:36 PM

Quote:

Originally Posted by m4a1mustang

I thought most people put enough cash down such that they'd never be underwater on their loans?

It's very rare. Most people try to use their current car as a down payment. If you figure that tax, title and license in AZ is about 10% then add in the instant depreciation. I would guess someone would be looking around 20%-30% down to stay above water from point of purchase.

Now if you buy used... It's A LOT less. But new is ruff.

m4a1mustang · 01-28-2012, 09:43 PM

Quote:

Originally Posted by cc370z

It's very rare. Most people try to use their current car as a down payment. If you figure that tax, title and license in AZ is about 10% then add in the instant depreciation. I would guess someone would be looking around 20%-30% down to stay above water from point of purchase.

Now if you buy used... It's A LOT less. But new is ruff.

Wild. If I finance I always figure how much I need to put down so I'll always be ahead. Guess that's not as common of a practice as I thought.

Red__Zed · 01-28-2012, 10:21 PM

Quote:

Originally Posted by m4a1mustang

Wild. If I finance I always figure how much I need to put down so I'll always be ahead. Guess that's not as common of a practice as I thought.

Everybody runs their finances differently i guess.

Spikuh · 01-30-2012, 10:20 AM

Quote:

Originally Posted by frost

Also, I've noticed a lot of the comments in the for sale threads point out that they are correcting financial mistakes they made. So it looks like many people bought more car than they could afford, maybe thinking they would eventually get a raise, promotion, or better job, and are correcting that miscalculation.

This is probably true in most of the cases, even the ones not mentioning financial troubles. After all, people like to lie and hate admitting they messed up. Also, many rush purchases like this normally which only exasserbates the problem when you start looking at such a niche vehicle like the Z.

Quote:

Originally Posted by Red__Zed

Most people run their finances wrong i guess.

Fixed it for ya.

Red__Zed · 01-30-2012, 10:21 AM

Quote:

Originally Posted by Spikuh

Fixed it for ya.

I was trying to start less fires

BrianMSmith · 01-28-2012, 10:20 PM

I'm being tempted by a Z06.....

Snakes709 · 01-29-2012, 07:15 AM

lol...let me rephrase, it pissed me off alot but i delt with it. The day in question was the last straw.

01-28-2012, 07:50 PM	#1 (permalink)
somatic A True Z Fanatic Join Date: Aug 2011 Location: Grapevine, TX Posts: 1,767 Drives: 2013 GS350 Rep Power: 19	This topic suddenly shows up every few months __________________ Passport 9500i HW\|Short Tail Exhaust\|Evo-r CF Fangs & Fog\|Blacked Out Roof\|Status Elite Intake 19/22\|AUTO Shift Boot DIY\|GTR Button\|Rear Limo Tint\|S2carbonworks hood dampeners\|Falken Rt-7m 20"s w/Jade Project Mu Tuner Lugs\|P:JDM Oil Cap\|Tow Hook\|SOLD

01-28-2012, 07:50 PM	#3 (permalink)
m4a1mustang A True Z Fanatic Join Date: Feb 2009 Location: Northern VA Posts: 55,385 Drives: on two wheels Rep Power: 6964	Opinions are like @ssholes... __________________ - Steve Zs & Coffee - Saturdays at 10AM in Fairfax, VA and Columbia, MD (Click the banner!) LIKE us on Facebook!

01-28-2012, 08:15 PM	#6 (permalink)
Three7D Base Member Join Date: Sep 2010 Location: NorCal 707 Posts: 174 Drives: to slow Rep Power: 16	You can't point your finger and say "this is the reason why" there's way too many factors. I see more used camaros on car lots than civics! When the 370 came out I knew I'd never own one and completly wrote it off. Now I'll prolly have it for it's entire life! __________________ 2010 Mag. Black Base+Sports V-LEDs Amuse Vestito (in a large box in my garage) Volk SF Challenge Gold/Phantom Ed. 10mm ichiba v2 F.I. CF+18" res. + F.I. RTP's

01-28-2012, 08:38 PM	#7 (permalink)
cc370z Enthusiast Member Join Date: Jan 2010 Location: AZ Posts: 467 Drives: 09 370z Rep Power: 17	Topically when you buy a new car it takes about 2.5-3 years of payments to get out from under the negative equity. I know my payoff is now below ACV (actual cash value). May will be 3 yrs for me. Last edited by cc370z; 01-28-2012 at 08:41 PM.

01-29-2012, 07:15 AM	#15 (permalink)
Snakes709 A True Z Fanatic Join Date: Aug 2009 Location: Edmonton Posts: 1,205 Drives: 2011 Evo-X GSR Rep Power: 19	lol...let me rephrase, it pissed me off alot but i delt with it. The day in question was the last straw. __________________ 2011 Evo-GSR AMS 2.4 stroker/ bore, FP Black build in progress. Sponsor: DSG Performance

01-28-2012, 10:20 PM	#14 (permalink)
BrianMSmith Enthusiast Member Join Date: Dec 2009 Location: secret Posts: 267 Drives: 370Z, Ducati 748S Rep Power: 17	I'm being tempted by a Z06.....

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