Next Z to be unveiled in 2013 Tokyo auto show.

Chuck33079 · 12-23-2013, 01:17 PM

Quote:

Originally Posted by Firebase99

No, no, no, you have enough debt. save!! Save save save!! get the Mustang paid down, than think about it.

This. Get your dad paid back, get your mustang paid down to where you have significant equity built up, and then buy something else. With a huge down payment.

MMC Racing · 12-23-2013, 01:57 PM

Quote:

Originally Posted by Chuck33079

This. Get your dad paid back, get your mustang paid down to where you have significant equity built up, and then buy something else. With a huge down payment.

With today's low interest rates (although he is so young he might not qualify), no money down is a great option. I'll pay that 1.49-1.99% all day long on a car note so I can invest the cash at 10%+ (32% in 2013).

Debt is not scary or a bad thing. Success is determined in how you leverage it.

Firebase99 · 12-23-2013, 01:59 PM

Quote:

Originally Posted by MMC Racing

With today's low interest rates (although he is so young he might not qualify), no money down is a great option. I'll pay that 1.49-1.99% all day long on a car note so I can invest the cash at 10%+ (32% in 2013).

Debt is not scary or a bad thing. Success is determined in how you leverage it.

What cash???? no offence to him, but hes 21 and way upside down a 5.0. Yea, borrow at low percentage and retain cash making more %. Great idea, IF you have the cash.

MMC Racing · 12-23-2013, 02:01 PM

Quote:

Originally Posted by Firebase99

What cash???? no offence to him, but hes 21 and way upside down a 5.0. Yea, borrow at low percentage and retain cash making more %. Great idea, IF you have the cash.

Don't be obtuse, the post I quoted mentioned a down payment.

Firebase99 · 12-23-2013, 02:14 PM

Quote:

Originally Posted by MMC Racing

Don't be obtuse, the post I quoted mentioned a down payment.

Im lost. He seems to be somewhat cash "heavy". In debt with family, upside down on a $32K car and didnt qualify for a 370Z loan. What down payment? Wheres all this money hes putting down? Invest what money? We are talking trade in values and loans, not MUCH more if Im not mistaken.

Chuck33079 · 12-23-2013, 02:02 PM

Quote:

Originally Posted by MMC Racing

With today's low interest rates (although he is so young he might not qualify), no money down is a great option. I'll pay that 1.49-1.99% all day long on a car note so I can invest the cash at 10%+ (32% in 2013).

Debt is not scary or a bad thing. Success is determined in how you leverage it.

This only works if you have the cash on hand, and the discipline to invest it and not spend it. If you're paying <3%, by all means. Over that,paying down the note is a better plan.

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