Quote:
Originally Posted by m4a1mustang
If you put enough cash down it usually ends up working out as if you had leased the car. Doing the math in my head, monthly ownership cost for the 19 months I had it was only about $500. Not bad at all. Of course if I had actually financed a significant portion it wouldn't work out like that, but in my case it did.
As for swapping for a brand new car every couple of years... as long as you keep putting cash down it's not bad. It's even better if you buy a car that's a couple of years into it's depreciation cycle. I have a feeling this one will stay longer as a project, though. Anything else is going to be in addition too (probably a P-car). To be honest, I don't really factor in tires/mods/maintenance because that just all falls into the "discretionary" portion of my budget as it's all for fun or for the purpose of maintaining fun. 
As for why I chose the GT... missing the torque of a V8 was definitely one of the reasons I chose the GT, but not necessarily why I chose to ditch the Z. I felt like I got a lot out of it in 19 months and wanted to move on to something new.  |
That is kindof what I plan on doing with my Z06. I want to pay it off, and then trade it for the C7 Z06, if there is one. It will probably be worth around 40K when I get it paid off, and I will end up financing less this next go around, so I can trade sooner, etc. and I will get to the point where I am where you are at, I put a bit of cash down, trade in, and am in a Z06 for $2-300 a month. That way when I am in my 40's I won't have to work so much and can still end up in new sports cars all the time.
At least, that's the plan, lol. Sounds like the same as what you are doing and you are making it work very well!
