Quote:
Originally Posted by Two-Socks
This thing is fully loaded. Has NAV too.
Not taking sides cause I could make an argument for both. Just remember that a dealer usually puts a "trade price" on their cars...Esp used car dealers. Cash prices are usually lower than advertised.
IMO Trying to cover a loan on these is impossible with 100% finance.
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It's possible to cover a loan on them with 100% finance, it just depends on the loan term/rate, if you financed tax/tags/warranty and the price you paid for the car. I mean if you can walk out with only the car financed at around 31.5k(for a base + sports, assuming you only finance the car, not tax/tags/warranty) and held it for a year, even with a 72 month loan you'd be down to around 26.5k assuming you got a decent rate(I assumed 4.2%). You could get really close to covering that on a trade-in. You might end up 1.5k-2k underwater on it, but I'd hope one could cover that out of pocket. You'd definitely have to battle to do it though, so I definitely see your point.
It's kind of amazing how well the Z seems to be holding it's value though, if you can say you can almost break even trading in a car after a year with 60/72 month loan on it and nothing down, that's pretty impressive. Most cars would have a good 5k in negative equity on that long of a loan term that early.
Anyways uh, got off on a tangent, bump this thread to sell this guy's car! & lol @ jeff above, good post
