How do people afford...

m4a1mustang · 07-18-2009, 01:37 PM

Quote:

Originally Posted by hellogoodbye

Im looking at getting a few things done to my z. One of them being a tt kit. for the kit + install its about 11.5k. Im also looking at rims. theyre 1-2kea. and various other mods.
overall with just the basic things that im looking to get its easily over 25k so im wondering how do most people afford this? do you guys just pay it all off at once? or take out a loan?
im thinking i should use a loan b/c i use my money for stocks but, even a 11.5k loan is roughly 250$ a month.

I'm sure some people save up and pay in cash and I'm sure others take out loans.

IMO, financing mods is stupid. Average personal loan rates are over 10%... that's just crappy.

hellogoodbye · 07-18-2009, 01:47 PM

ya wells fargo was gonna give me 13-13.5% on my loan for the tt kit, thats just insane. id rather wait and just save lol

Robert_Nash · 07-18-2009, 04:25 PM

Quote:

Originally Posted by m4a1mustang

I'm sure some people save up and pay in cash and I'm sure others take out loans.

IMO, financing mods is stupid. Average personal loan rates are over 10%... that's just crappy.

Not to mention the fact that modifying your car will pretty much destroy its value (to anyone except you).

When I buy a used vehicle I won't even consider a vehicle that has anything more than appearance mods (and only then if I like them).

I'm not at all saying that you shouldn't modify your car...just be realistic about all the consequences; good and bad.

m4a1mustang · 07-18-2009, 05:04 PM

Quote:

Originally Posted by Robert_Nash

Not to mention the fact that modifying your car will pretty much destroy its value (to anyone except you).

When I buy a used vehicle I won't even consider a vehicle that has anything more than appearance mods (and only then if I like them).

I'm not at all saying that you shouldn't modify your car...just be realistic about all the consequences; good and bad.

Agreed. It's important to keep stock parts if you can. This way you can return the vehicle to stock (or mostly stock) if/when you decide to sell.

I find it comical when people think they can get more for their modded car than they can unmodified. Some people think a few bolt-ons will add value.

Tius · 07-18-2009, 05:47 PM

to OP, i think most folks who do these insane mods like TT kit cranking crazy numbers just have boat-loads of money laying around and like others have said, this is one of their many cars and they just truly love this car. from a pure enthusiast standpoint, it would be so cool to have a 700hp monster 370z. but from a practical standpoint, if i had enough money to build a 700hp Z, i'd probably end up buying another car.

loans for mods i think is a huge financial plunder. paying ridiculous interest for a personal loan on mods that would only cause your car to depreciate just doesn't make sense. and then if you ever do decide to sell the car, you gotta go through the hassle of parting it out and whatnot. i don't even wanna pay interest on my six figure worth of student student loans, and that's suppose to be a good investment, let alone for car mods

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07-18-2009, 01:47 PM	#2 (permalink)
hellogoodbye Base Member Join Date: Jun 2009 Location: San marcos tx Posts: 41 Drives: 370z Rep Power: 17	ya wells fargo was gonna give me 13-13.5% on my loan for the tt kit, thats just insane. id rather wait and just save lol

07-18-2009, 05:47 PM	#5 (permalink)
Tius Base Member Join Date: Feb 2009 Location: Dallas, Tx Posts: 16 Drives: 09 Base Silver 370Z Rep Power: 17	to OP, i think most folks who do these insane mods like TT kit cranking crazy numbers just have boat-loads of money laying around and like others have said, this is one of their many cars and they just truly love this car. from a pure enthusiast standpoint, it would be so cool to have a 700hp monster 370z. but from a practical standpoint, if i had enough money to build a 700hp Z, i'd probably end up buying another car. loans for mods i think is a huge financial plunder. paying ridiculous interest for a personal loan on mods that would only cause your car to depreciate just doesn't make sense. and then if you ever do decide to sell the car, you gotta go through the hassle of parting it out and whatnot. i don't even wanna pay interest on my six figure worth of student student loans, and that's suppose to be a good investment, let alone for car mods