How do people afford...

frost

Rapid depreciation
What's the rule on downpayment? Isn't it something like, 15-20%?
I think financing is okay if done right, but as with all credit, people abuse it. As we have seen in other threads, we have kids in here living with their parents purchasing Zs. Many better things to spend money on than a new car.

arcticreaver

buy things only you can afford.

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spearfish25

If you start financing mods, you might as well start financing Xbox games and groceries too.

g96818

don't buy it if u dont have cash on hand. plain and simple

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GMZ

TT is fine if you have $$,$$$ set aside to fix it should it blow. If it does and you have no rainy day fund, well now youre f'd with no car, and a loan for mods on top of your car loan and a pressing need for probably at least $5K worth of repairs. I cant wait to go to Iraq so I can pay this thing off in full. Debt is evil.

tolnep

say... say the car you bought out the door was 35k and you're figuring on spending another 25k.. thats 60k..

at the end, you have a modded car that is worth less than what it would be worth un-modified..

i would sell that car, go out and buy a lightly used corvette z06 (easy to find these days) or porsche of some flavor...

or i would be something like a 3 or 4 year old WRX/STI or EVO as a second car and mod that instead..

what with the oil over-heating issues, i would be very wary or slapping on a twin turbo kit before its been done extensively and the bugs worked out..

what would be cool (but wont happen) is for nissan to come out with a z in vette price range territory with twin turbos, like they used to on the 300zx...

Pharmacist

They already have that. It's called GT-R

Zat_Zuma

Overtime $$$$

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BMW Killa

Eh, if you can finance it at a low rate, who gives a sh-t, do what you want. As long as you can make the not only the minimum payment plus more.

frost

m4a1mustang

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hellogoodbye

actually i only had 22$ and i wanted h3 so i put 20 down and payed the rest off 10$ a month... haha jk that would be funny though

its not that i have to finance mods. read my first post if you are confused. i said i have the cash on hand. its just that i make money off stocks. the more money on hand i have the more money i make. so im wondering if i should simply buy the stuff outright or take a loan out since id have more money to work with in the market. i can easily afford the monthly payments.

i think that rule doesnt apply to me .. or maybe it does idk

yes i know but i dont ever plan on selling this car. ive seen 350z that have had over 100k invested in them selling for 30k-

well then...

Robert_Nash

That's fine but almost EVERYBODY says that and they may even mean it (at the time).

I'd be willing to be that a few years down the road, not 1 in 1,000 actually aren't looking to (or wishing they could) sell their car no matter what they said at first. Life (or sometimes just boredom with the car) has a way of happening in spite of your best plans...how many people have an '03 or '04 350 that they've spent tons of money on who now see the GT-R that can hand them their hat (for less money than they've spent on their 350) or the 370 that can in many cases do nearly the same for half the money they've spent not to mention that their car now looks very "dated" even with their modifications.

Again; not trying to put anyone down here...I appreciate what folks do to their vehicles to make they unique...but a dose of reality should always be part of the equation too.

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Spikuh

Sorry, my statement was ment more in the general sense and although you say in your first post you trade stocks, that means relatively little. Case in point, there is a man in my area who has been trading stocks for 15+ years. Long story short, he was running a ponsi scheeme and lost his investors many hundreds of millions of dollars.

Anyway, I agree with m4a1mustang. You are taking a big risk and relying on the market being able to return a larger percentage on your investments than the percent on your personal loan. In my opinion it would be better to buy the mods outright and then focus on getting solid returns without having that extra stress factor weighing on you.

Edit: Just caught up with the rest of the thread. If you can day trade and actually get returns that big then do it. Just be sure not to get in over your head.

Balzdeep

I would say in todays world 85-90% of the people spending that kind of money on mods are "writing checks their @ss can't cash". Having 55k tied up in a 370z is a total financial loser.

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