True, but if the justification is lowering payments, might as well call a spade a spade.

Haha I know. I just don't know if I can part with my baby. The 135i isnt as sexy either.

And pearl white.

:iagree: I wanted to see the final product.

Hmmm... Color doesn't impress me. But your call bud. I say finish the Z project. :)

That's why I love USAA so much. You pre-qualify for a loan with them and then use your blank check as a negotiating tactic. I have gotten absolutely silly loan rates using that approach.

USAA ftw :tup:

Lowering payments by extending the loan 1+ years. You are letting the lender take your future income for free and they don't even have to lift a finger.

Don't ever, ever do this unless you're going to like...lose your car.

I will hold onto this insurance like grim motherf'ing death. They are amazing. They pre-negotiate my car buying prices, help me haggle my loan rates, provide me with credit when I need it and do pretty much anything else I've ever wanted. I mean, I understand that the car buying program is really for military wives whose husbands are deployed but walking into a dealership with a pre-guaranteed price after you've done your research is a really nasty trump card.

They tried to give me a boat loan a while back even though I didn't ask for it o_O

I'm also looking at refinancing the Z. I paid off half the car in a year..

I started with a 72monrh loan...just hit 60months left. I found that if I refinance now for 60 months..technically the same amount.of payments it will cut my interest in half and save me like $3000


The 135i I could probably have for 28k out the door before tradin. About 13k after

But if you're talking about turboing it, which... arent they Already turbo'd?!? :confused:

All that R&D you'll need to re-do = $$$$

Seconded.

But you're not saving anything. Since you've put extra money into your payments you'll pay the car off early. If you refinance they'll spread that money and associated interest over 5-6 years. You're forgetting the potential interest you're going to pay. They want you to keep making payments because interest is free money for lenders.

I may still do the z. It has less miles and is newer. The nice thing is if I do go to BMW the injectors, furl pump, turbo, waste gates, bovs can all be moved over without headache

Idk i really want a turbo Z haha but stock turbo cars are sooooooo much easier.

This decision is giving me heartburn haha

Well half of that was my down payment sorry. I only paid a quarter off...forgot about that. Buy no with how it is now it will save me money. Already talked with my bank about it and ran the numbers. It will end up being less.

The ONLY way you'll end up paying less in the long run is if you get a lower rate over the same period of time. If that's not the case, you're getting scammed.
Tell you what, run the numbers yourself:

1) Take your original loan with original payment amount and run it for the course of the lien - pay special attention to the time it takes to pay it off. Now add up the interest payments you're making vs principle.

2) Now take the re-fi lower payment and run it for the course of the lien and do the interest vs principle thing again.

I would be shocked if 2) was less than 1)

****DO NOT FORGET THE MONEY YOU HAVE ALREADY PAID INTO YOUR ORIGINAL LOAN (excluding down payment)***
If you really want to save yourself money, make extra car payments and pay it off early.