02-11-2010, 03:39 PM
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#9 (permalink)
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A True Z Fanatic
Join Date: Sep 2009
Location: Gold Coast CT
Posts: 10,599
Drives: 2019 Corvette G.S.
Rep Power: 43
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Quote:
Originally Posted by frost
A $500 dollar payment based on your downpayment is going to net you a car somewhere in the high $20k area, even with a 72 month loan. So, like travis said, your best bet is to see what kind of smokin' deal you can get on an old model, or even better, a used model.
Basically, if your price OTD is over $27k, you need to keep looking. Of course this depends on your credit score and what interest rate you can get as well. I'm basing my ramblings on 6% interest.
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 Completely agree, heed this advice. Also really REALLY assess your situation and see if you actually can afford this car. What happens if you lose your job? Not such a remote possibility in this economy...............
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SOLD MY Z MARCH 2018 - another Core OG moves on - new ride 2019 Z Corvette Grand Sport - no mods necessary but already have eyes on HFC and intakes LOL IT NEVER ENDS.
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