COuld i financially own a nissan 370z

zman99

Sounds like a plan and if your happy thats all that matters.

IWuv370z

thanks brother and also everyone else

This is one of the nicest and most mature forum boards i have ever been to.

10/10

Will surely post more around here as it isn't a waste of time.

WarmAndSCSI

I'd be kind of disappointed if you don't pick up the 370Z in the future.

Just remember, if you're going to mod the 350Z anyway, you might as well have spent the money paying for the more expensive 370Z. I spent over $50k modding my first car... and it may have been a highway killer, but it was nothing compared to the top-of-the-line Evo I could have bought with cash if I had just saved.

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SkyZ

all that stuff about the 350 was really sensible.

as for the financing, id say put as much as u can down on the car to lower ur finance payments. Investment is a possibility, but this economy isn't what id call very stable. you could lose money just as quickly as u could gain it. im of course not your financial planner of any kind just saying the markets arent really that great =]

WarmAndSCSI

Taking 25-50% of his saved down payment and putting it in a 2-3 year CD wouldn't be a bad move at all. That way he at least has something saved away and be earning some cash on it.

I blew my life savings on car stuff once... that was a retarded move. Would be the same to spend it all on a down payment.

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SkyZ

hehe in that case it turns into a mathematics thing. ur expected gains in this economy vs the savings if you put that money into your downpayment rather than investing it.

simple matter to calculate it all it depends on is the rates he gets.

oh and factor in risk i guess as well. all opportunity cost


btw to make this clear i in no way disagree with you. just my investments are kinda flatlining right now so im not too sure about the economy.

edit: one word i dont get in there CD, seems like an important thing, is it some sort of stable investment (government bond type thing)?

WarmAndSCSI

No, I agree for sure (I work for one of the largest investment companies in the world, not a broker or anything, though)... but I just mean he shouldn't leave himself with absolutely no money saved away. Might as well keep a chunk of it and invest it, even if he spends it on paying off the car later; at least he's got it if he needs it.

A CD (Certificate of Deposit) is a relatively low-yield, guaranteed return investment which earns you a certain percentage of interest and pays you a return after a certain period (usually a few months to a few years). Basically, you're loaning money to a particular bank to invest or to use to loan money to other people. It's like a fixed-period savings account that pays you more than $5.00/year.

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