To finance or pay cash for a 370Z

seecue · 01-21-2010, 03:20 PM

m4a1mustang,

I agree with your advice as well. I'm planning to buy a used Z instead of new, although I would love to get a new one, the 2-3 year depreciation hit gets me.

I currently have payments on my s2000 (bought used), which should be paid off by the end of this year. (I had a 5 year loan, but will be paid off in 3), I could of paid it off sooner but ever since the market tanked I have been investing substantially more into my 401k and roth IRA, as well saving emergency cash since work is slow. Hopefully in the long run this pays off. (I am 28 BTW)

Since I already have monthly payments, some told me to just trade it in, but I think this is bad idea. Instead, I will pay the s2k off and decide whether or not to purchase the Z later. Hopefully I can resist buying the Z before then. Wish me luck! lol.

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01-21-2010, 03:20 PM	#9 (permalink)
seecue Base Member Join Date: Jan 2010 Location: Sacramento Posts: 23 Drives: 02 Honda S2000 Rep Power: 17	m4a1mustang, I agree with your advice as well. I'm planning to buy a used Z instead of new, although I would love to get a new one, the 2-3 year depreciation hit gets me. I currently have payments on my s2000 (bought used), which should be paid off by the end of this year. (I had a 5 year loan, but will be paid off in 3), I could of paid it off sooner but ever since the market tanked I have been investing substantially more into my 401k and roth IRA, as well saving emergency cash since work is slow. Hopefully in the long run this pays off. (I am 28 BTW) Since I already have monthly payments, some told me to just trade it in, but I think this is bad idea. Instead, I will pay the s2k off and decide whether or not to purchase the Z later. Hopefully I can resist buying the Z before then. Wish me luck! lol.