How do people afford...

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...

Zat_Zuma

Overtime $$$$

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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.

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m4a1mustang

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.

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Tius

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

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.

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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OnCallZ

What do you think caused an economical implosion? (Well it was a combination of things) but mostly it was people who made financially absurd decisions; financing a TT kit would be one of those decisions.

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...

m4a1mustang

That's a very foolish proposition. You end up putting yourself in a dangerous situation due to the amount of risk you have to take on in order to achieve an annualized return of 12% or greater to beat the loan's interest rate and could find yourself losing your money with one bad trade. Those of us in the business learn pretty quickly that no one is bigger than the market -- so don't think it's definitive that you're going to end up in the good.

You seem to be indicating that you make good money, and that you have the money on hand to buy what you wish. If that's the case, just buy it outright. Then you don't have to worry about getting burned trying to out-earn what you're spending on the borrowed money. It's just not worth it.

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Pharmacist

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