Did you pay cash for your Z?

Trips · 10-06-2009, 10:13 AM

Quote:

Originally Posted by alexanderb

Hi Triple's. I wish there was. To export a vehicle from the US you need to go through an export brokerage firm as they will buy the vehicle for you and ship it to you. They will only deal in cash as I cannot get financing because I am not in the US...

that sucks! looks like were in the wrong business those brokerage firms are making bank! good luck! Z u later.

DooDooBrown · 10-06-2009, 04:02 PM

Put it all down, haggling is so much easier, and damn, it just feels good not having a car payment!

SGTseanzie · 10-06-2009, 04:21 AM

after this year and a half long tour, and i return home, I will see what I can do about paying cash. Perhaps it will put me in good bargaining position? I mean, if you dont give me the deal i want, maybe the dealer down the road will?:-)

Forrest · 10-06-2009, 04:41 AM

paid in cash. I didnt like the 5.99% APR nissan was offering.

If i could do it again i would have did a 10,000 loan. But im not hurting and i still have quite a bit of cash.

Chan Chee Hoe · 10-06-2009, 06:40 AM

yes,i paid cash,after trading in my Rover,i paid S$95,000.

Cjanik · 10-06-2009, 07:50 AM

put down 31k. Financed exactly 9,950. after taxes, fees, etc.

3SeventyZ · 10-06-2009, 09:46 AM

Put $20K Down.
Already paid off.

kenchan · 10-06-2009, 11:15 AM

i usually pay my dd's cash but for hobby cars i finance a little bit since i want to buy aftermarket bits the first year.

then pay it off the following year.

Robert Z · 10-06-2009, 01:18 PM

Paid cash!!!!!!!!!

billydsz · 10-06-2009, 02:43 PM

I paid cash for my 370Z. It is the first new car I've ever bought with cash. It's a very good feeling to get that title in the mail, while the car is brand new.

In2Deep · 10-09-2009, 09:40 AM

Cash. Don't like payments, and in this economy, seems like savings on interest charged is a larger gain than returns on money.

kannibul · 10-09-2009, 09:45 AM

Bank loan for price plus GAP, did not wrap TT&L in.

5.8% APR through a bank I didn't know existed, 6yr finance. Payments are roughly $640/mo.

As much as I pay for it I should drive it more...lol

I've got around $240/mo in credit minimums currently (I pay more than that...), that I have to pay, once those are gone, then it's off to pay off the $233/mo civic payment, once that's gone, Z.

Ideally, I'll have all my credit debt gone by April next year, civic gone by this time next year, and Z paid off a year and a half after that.

Then it's time to buy a new truck...or jeep, or something more "haul-**** friendly"...or a new civic...lol...but those will be mostly, if not completely, cash sales.

I won't use credit cards again, and loans will be only if I get a rate that's less than 5%, as a general rule.

ianthegreat · 10-09-2009, 11:11 AM

Quote:

Originally Posted by datsunguy

Just wondering how many owners paid cash for your car? Years ago I started saving for a new car and paid cash. As soon as I get a new car I start saving for the next one. It's like reverse car payments.

The benefits are no interest, better more straight forward bargaining on a new car at trade in time, I can pick any deductible on my collision or no collision at all after a few years, plus I just like having the title in my hands.

I've done this for the last 5 cars I've owned and keep them about 4 years before trading. Am I the only person that thinks this is a good Idea?

I had a large portion of cash ready to put down on my car, but was offered .9% financing. Therefore I could invest the cash I had saved, make a higher return, deduct the car payments automatically from the invested savings, and with interest come out ahead after 5 years.

kannibul · 10-09-2009, 11:23 AM

Quote:

Originally Posted by ianthegreat

I had a large portion of cash ready to put down on my car, but was offered .9% financing. Therefore I could invest the cash I had saved, make a higher return, deduct the car payments automatically from the invested savings, and with interest come out ahead after 5 years.

0.9% financing?

Holy crap.

6MT · 10-09-2009, 12:13 PM

Quote:

Originally Posted by datsunguy

Just wondering how many owners paid cash for your car? Am I the only person that thinks this is a good Idea?

I paid cash. It's really the only way IMO. Why raise the price of the car by paying extra to a bank or credit institution?

10-06-2009, 04:41 AM	#4 (permalink)
Forrest Track Member Join Date: Mar 2009 Location: california 707! Posts: 677 Drives: 09 370z Blk 6mt sprt Rep Power: 259	paid in cash. I didnt like the 5.99% APR nissan was offering. If i could do it again i would have did a 10,000 loan. But im not hurting and i still have quite a bit of cash. __________________ my pictures http://www.the370z.com/members/forrest-albums-370z.html

10-06-2009, 09:46 AM	#7 (permalink)
3SeventyZ Track Member Join Date: Dec 2008 Location: MD/DE Posts: 626 Drives: 350Z, 370Z, SRT8 Rep Power: 476	Put $20K Down. Already paid off. __________________ 2009 Magnetic Black 370Z Sport 6MT

10-09-2009, 09:40 AM	#11 (permalink)
In2Deep Base Member Join Date: Apr 2009 Location: Austin Posts: 48 Drives: Plat Graphite Spt/Tr Rep Power: 17	Cash. Don't like payments, and in this economy, seems like savings on interest charged is a larger gain than returns on money. __________________ ...and now a message from our sponsors

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10-06-2009, 04:02 PM	#2 (permalink)
DooDooBrown Base Member Join Date: Jun 2009 Location: Ranson, WV Posts: 178 Drives: 09 370 Touring w/spt Rep Power: 17	Put it all down, haggling is so much easier, and damn, it just feels good not having a car payment!

10-06-2009, 04:21 AM	#3 (permalink)
SGTseanzie Base Member Join Date: Apr 2009 Location: Baton Rouge Posts: 176 Drives: Nada Rep Power: 17	after this year and a half long tour, and i return home, I will see what I can do about paying cash. Perhaps it will put me in good bargaining position? I mean, if you dont give me the deal i want, maybe the dealer down the road will?:-)

10-06-2009, 06:40 AM	#5 (permalink)
Chan Chee Hoe Track Member Join Date: Mar 2009 Location: Singapore Posts: 861 Drives: 370z,Yellow,7sp A Rep Power: 18	yes,i paid cash,after trading in my Rover,i paid S$95,000.

10-06-2009, 07:50 AM	#6 (permalink)
Cjanik Track Member Join Date: May 2009 Location: Las Vegas Posts: 578 Drives: N/A Rep Power: 18	put down 31k. Financed exactly 9,950. after taxes, fees, etc.

10-06-2009, 11:15 AM	#8 (permalink)
kenchan A True Z Fanatic Join Date: Aug 2009 Location: N/A Posts: 76,801 Drives: N/A Rep Power: 141521	i usually pay my dd's cash but for hobby cars i finance a little bit since i want to buy aftermarket bits the first year. then pay it off the following year.

10-06-2009, 01:18 PM	#9 (permalink)
Robert Z Base Member Join Date: Jan 2009 Location: cooper city, fl Posts: 39 Drives: 09 370 PEARL WHITE Rep Power: 17	Paid cash!!!!!!!!!

10-06-2009, 02:43 PM	#10 (permalink)
billydsz Enthusiast Member Join Date: Aug 2009 Location: New Bern Posts: 252 Drives: 9 370z SptCp SRd 7AT Rep Power: 16	I paid cash for my 370Z. It is the first new car I've ever bought with cash. It's a very good feeling to get that title in the mail, while the car is brand new.

10-09-2009, 09:45 AM	#12 (permalink)
kannibul A True Z Fanatic Join Date: Jun 2009 Location: Jenks, OK Posts: 2,281 Drives: 370z Touring/Sport Rep Power: 268	Bank loan for price plus GAP, did not wrap TT&L in. 5.8% APR through a bank I didn't know existed, 6yr finance. Payments are roughly $640/mo. As much as I pay for it I should drive it more...lol I've got around $240/mo in credit minimums currently (I pay more than that...), that I have to pay, once those are gone, then it's off to pay off the $233/mo civic payment, once that's gone, Z. Ideally, I'll have all my credit debt gone by April next year, civic gone by this time next year, and Z paid off a year and a half after that. Then it's time to buy a new truck...or jeep, or something more "haul-**** friendly"...or a new civic...lol...but those will be mostly, if not completely, cash sales. I won't use credit cards again, and loans will be only if I get a rate that's less than 5%, as a general rule.