10-03-2011, 06:58 AM
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#1 (permalink)
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A True Z Fanatic
Join Date: Jun 2010
Location: Baltimore, MD
Age: 97
Posts: 3,175
Drives: 370z Nismo
Rep Power: 26
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Quote:
Originally Posted by chuckd05
you really think "most" people on here put down 50-75 percent on the car... i certainly don't
you got a base AT? so invoice should be around 29000 I think? or a sport? I would see if you can try to get your rate down enough to swap it to a 6 year and keep a similar payment...
what was odd with my latest car, when i offered to buy an extended warranty they had wiggle room in my interest rate... it went from 5.9 on a used car to 1.9 and almost negated the cost of the warranty.. my payment went up 12 dollars a month for a 100k bumper to bumper warranty because they magically played with the interest rate on a 5 year used car loan...
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A lot more people have their Z pretty much paid for or with plenty of equity going by numerous threads you've more than likely come across. Moreover, I know plenty in the MidA crew in that situation... so yes, I think "most" people on here put down significant down payment on the car.
Chuck, you noted 5.9 rate on a $29000 for 6 years which ends up being over $10000 interest just on the loan, that's huge. OP, please consider going with a shorter loan period and get it out of your way.
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