Finance or Cash?

jpritche · 12-30-2010, 12:35 PM

I searched and didn't really find anything on this subject. I was just curious, who paid for their Z with cash in full, compared to who financed the Z?

We are fortunate enough to pay cash in full for our vehicles that way to prevent debt, but I have also noticed that the deals that you get are much better that way also.

Just curious as to what everyone was able to do in this economy. Thanks.

Mt Tam I am · 12-30-2010, 12:46 PM

Cash. If I can't afford it I will not get it. Why pay thousands in finance charges when I could be buying mods or saving up for the next vehicle, etc. ad nauseam.

onzedge · 12-30-2010, 12:46 PM

Cash. Always.

fullmonty · 12-30-2010, 12:48 PM

I think you'll find that most people financed at least a portion of the car. When I bought mine I decided that I would only finance a small portion to help build credit.

mick · 12-30-2010, 12:57 PM

cash unless your money is in some stocks that you believe would return higher than the financing charges.

Cell · 12-30-2010, 01:03 PM

I financed about half the cost of the car to build credit. Interest rate was 2.99 so it isn't too bad to finance. It is a no brainer to finance if you can get low interest rates. Of course 2.99 isn't that low but I just needed to build credit.

shadoquad · 12-30-2010, 01:07 PM

Quote:

Originally Posted by jpritche

I searched and didn't really find anything on this subject. I was just curious, who paid for their Z with cash in full, compared to who financed the Z?

We are fortunate enough to pay cash in full for our vehicles that way to prevent debt, but I have also noticed that the deals that you get are much better that way also.

Just curious as to what everyone was able to do in this economy. Thanks.

I don't know what deals you could find to make financing a better decision, since it adds thousands of dollars to the price of the car over the term of the loan.

Cash if you can afford it, financing for broke suckas like me.

jpritche · 12-30-2010, 01:12 PM

Yeah, I can see why people would finance 5-10 thousand to build credit. The low interest rate wouldn't affect it enough to make a huge difference.

4r3s · 12-30-2010, 01:28 PM

2/3 cash 1/3 financed to build credit as my next big purchase will be a home. Oh yeah, I'm also paying 2x my monthly payment right now bc I can afford to and I would like to own the car flat out sooner than later.

@cell - 2.99% is def low, the best I could get even putting 2/3 down was 4.99% and for what credit I do have its all good, nothing negative in there. I'm a nazi about paying bills on time and in full.

Cell · 12-30-2010, 02:13 PM

Quote:

Originally Posted by 4r3s

2/3 cash 1/3 financed to build credit as my next big purchase will be a home. Oh yeah, I'm also paying 2x my monthly payment right now bc I can afford to and I would like to own the car flat out sooner than later.

@cell - 2.99% is def low, the best I could get even putting 2/3 down was 4.99% and for what credit I do have its all good, nothing negative in there. I'm a nazi about paying bills on time and in full.

Yup 2.99 is low but wish it was lower. I got the loan from penfed. The customer service is excellent. My credit is real good too considering I am also the same like you with paying bills.

jakoye · 12-30-2010, 03:27 PM

Quote:

Originally Posted by 4r3s

2/3 cash 1/3 financed to build credit as my next big purchase will be a home. Oh yeah, I'm also paying 2x my monthly payment right now bc I can afford to and I would like to own the car flat out sooner than later.

@cell - 2.99% is def low, the best I could get even putting 2/3 down was 4.99% and for what credit I do have its all good, nothing negative in there. I'm a nazi about paying bills on time and in full.

I guess this thread is over now since you invoked Godwin's Law.

destinyZ · 12-30-2010, 05:33 PM

PAY IN FULL!! s*** if I could I would. If YOU can make that kind of money then If payed in full, you can mod like crazy and have no worries. You could also get even better insurance having no car payment and also insure part on the car in case of accidents.

wilsonp · 12-30-2010, 05:40 PM

Cash + trade-in

destinyZ · 12-30-2010, 05:54 PM

^^^even better

kenchan · 12-30-2010, 06:24 PM

Cash is the way to go.

12-30-2010, 12:35 PM	#1 (permalink)
jpritche A True Z Fanatic Join Date: Oct 2010 Location: Cartersville, Ga Age: 32 Posts: 2,571 Drives: '15 RR, '14 IS250 Rep Power: 30	Finance or Cash? I searched and didn't really find anything on this subject. I was just curious, who paid for their Z with cash in full, compared to who financed the Z? We are fortunate enough to pay cash in full for our vehicles that way to prevent debt, but I have also noticed that the deals that you get are much better that way also. Just curious as to what everyone was able to do in this economy. Thanks.

12-30-2010, 12:46 PM	#2 (permalink)
Mt Tam I am A True Z Fanatic Join Date: Jun 2010 Location: California Posts: 10,709 Drives: 370Z T/S/N 6MT & XKE Rep Power: 3842	Cash. If I can't afford it I will not get it. Why pay thousands in finance charges when I could be buying mods or saving up for the next vehicle, etc. ad nauseam. __________________ "Does the carpet match the drapes? NO!!! I don't date bald women." Nissan Motorsports 34R Oil Cooler. Stillen CBE. Hotchkis Sport Sway Bars. KW Variant 3 Coilover System. Stillen Gen3 CAI. Michelin Pilot Super Sport. Stillen Brake Ducts. Carbotech™ XP10/XP8 Pads. Z1 Front Rotors. Z1 Stainless Brake Lines. Two degrees of camber Last edited by Mt Tam I am; 12-30-2010 at 12:49 PM. Reason: No good reason

12-30-2010, 12:46 PM	#3 (permalink)
onzedge A True Z Fanatic Join Date: Apr 2010 Location: Battle Lake MN Age: 63 Posts: 183,964 Drives: 370Z 240Z Rep Power: 2684736	Cash. Always. __________________ Koni\|Swift\|Michelin\|Motordyne\|Berk\|RJM Performance\|Gates\|SPL\|Motul\|Technafit\|Ate Super Blue\|Hawk Tommy Kaira\|Momo\|Optima\|Hella\|Hotchkis\|Red Line\|ZSpeed\|Stillen\|B&M\|H&R

12-30-2010, 12:48 PM	#4 (permalink)
fullmonty A True Z Fanatic Join Date: Nov 2009 Location: Dirty Jersey Posts: 7,762 Drives: 370 Touring/Sport Rep Power: 33	I think you'll find that most people financed at least a portion of the car. When I bought mine I decided that I would only finance a small portion to help build credit. __________________

12-30-2010, 05:40 PM	#13 (permalink)
wilsonp A True Z Fanatic Join Date: Jul 2010 Location: Virginia Posts: 1,134 Drives: 2009 Touring Sp Nav Rep Power: 16	Cash + trade-in __________________ 2014 Cayman S PDK Sport Chrono White/Black Was 2009 370Z Touring Sport+Nav 7AT Metallic Black/Persimmon Was 1991 NSX Auto Black/Black

12-30-2010, 12:57 PM	#5 (permalink)
mick Track Member Join Date: Jan 2010 Location: California Posts: 903 Drives: Used to drive a 370z Rep Power: 16	cash unless your money is in some stocks that you believe would return higher than the financing charges.

12-30-2010, 01:03 PM	#6 (permalink)
Cell A True Z Fanatic Join Date: Jan 2010 Location: Chicago Posts: 1,449 Drives: A Garbage Truck Rep Power: 21	I financed about half the cost of the car to build credit. Interest rate was 2.99 so it isn't too bad to finance. It is a no brainer to finance if you can get low interest rates. Of course 2.99 isn't that low but I just needed to build credit.

12-30-2010, 01:12 PM	#8 (permalink)
jpritche A True Z Fanatic Join Date: Oct 2010 Location: Cartersville, Ga Age: 32 Posts: 2,571 Drives: '15 RR, '14 IS250 Rep Power: 30	Yeah, I can see why people would finance 5-10 thousand to build credit. The low interest rate wouldn't affect it enough to make a huge difference.

12-30-2010, 01:28 PM	#9 (permalink)
4r3s A True Z Fanatic Join Date: Dec 2009 Location: MD Posts: 2,077 Drives: Touring 370z Rep Power: 24	2/3 cash 1/3 financed to build credit as my next big purchase will be a home. Oh yeah, I'm also paying 2x my monthly payment right now bc I can afford to and I would like to own the car flat out sooner than later. @cell - 2.99% is def low, the best I could get even putting 2/3 down was 4.99% and for what credit I do have its all good, nothing negative in there. I'm a nazi about paying bills on time and in full.

12-30-2010, 05:33 PM	#12 (permalink)
destinyZ Enthusiast Member Join Date: Apr 2010 Location: Guam, USA Age: 35 Posts: 415 Drives: FROM INDIANA Rep Power: 15	PAY IN FULL!! s*** if I could I would. If YOU can make that kind of money then If payed in full, you can mod like crazy and have no worries. You could also get even better insurance having no car payment and also insure part on the car in case of accidents.

12-30-2010, 05:54 PM	#14 (permalink)
destinyZ Enthusiast Member Join Date: Apr 2010 Location: Guam, USA Age: 35 Posts: 415 Drives: FROM INDIANA Rep Power: 15	^^^even better

12-30-2010, 06:24 PM	#15 (permalink)
kenchan A True Z Fanatic Join Date: Aug 2009 Location: N/A Posts: 76,801 Drives: N/A Rep Power: 141520	Cash is the way to go.

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