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Old 08-14-2011, 06:09 PM   #2 (permalink)
buddahson
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Join Date: Jul 2009
Location: Boulder, CO
Posts: 272
Drives: 09 370z, 07 R6
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I would suggest against a 370z. With no credit and no co-signer you should be looking for a car in the $15k range. You're probably going to end up paying 10% interest. I am making the assumption that you're young and probably not making a huge salary so forgive me if I'm wrong. If you choose a 370z, I expect it to look something like this...

370z: $25000
Tax: 8%
Interest: 10%
Down payment: $5000
Loan terms: 60 months at $467.43 per month or 72 Months at $407.57 per month
Insurance: $150 / Month minimum

Also, keep in mind that things like tires are not cheap on this car. If you DD the car you will need tires at least every two years and they will be $1200 or so.

Again, I have made some assumptions with this post but take a look and make sure you know what you're getting into. I'd hate to see you get a 370z and have to give it up.
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