06-27-2010, 12:37 PM
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#11 (permalink)
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A True Z Fanatic
Join Date: May 2010
Location: SLC, UT
Posts: 1,671
Drives: '08 Evo X | '10 370Z
Rep Power: 20
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Quote:
Originally Posted by IWuv370z
I read all of your suggestions and possibilities...
I can basically put down 20k as a down payement, now idont know how much that affects the monthly bills on the car, but including the insurance on my parents and such, then i believe i can afford it. Although then, if I buy a nissan 350z right, get it modded, keep saving up money while enjoying the 350z, I can always sell it, and have alot of money saved up in a year or two, and combine that to buy 370z. My company will give me a bigger raise of over 46k a year, i will be promoted soon... I am their most valuable employer because I am so skilled with computers and i know many languages.
but anyways...
I can either work my *** off to enjoy a 370z with insurance payements, monthly payments, and really have no money left to save up. OR I can buy a 350z, have it for 1 year, and during this time save up money because i can pay fully for the car.. then sell it and use all my savings to buy a nissa 370z and pay 3/4's of the car, instead of 1/4.
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I wouldn't use all that cash for a down payment. If you can acquire decent financing, just use half of that saved money for a down payment. Take the hit on having to finance the other half, and invest the rest for a couple of years. Hell, start thinking about retirement... I've been saving since I started my current job @ 19. It all adds up, especially if your employer does any kind of matching or profit sharing.
Just out of curiosity, what do you drive currently? Are you trading that in?
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